In a move to support cocoa farmers, President Nana Addo Dankwa Akufo-Addo announced a marginal increase in the producer price of cocoa, raising it from GH₵3,000 to GH₵3,100 per 64kg bag for the 2024/2025 crop season.
This 3.33% rise follows a review of market conditions and was recommended by the producer price review committee.
At the National Farmers’ Day awards held in Accra on Friday, November 8, the president explained,“On the advice of the producer price review committee, I am pleased to announce an increase in the producer price of cocoa from GH₵48,000 to GH₵49,600 per tonne, raising the price from GH₵3,000 to GH₵3,100 per bag.”
He further emphasized that the government remains committed to supporting farmers by ensuring periodic price reviews, helping improve their incomes despite ongoing challenges.
The National Farmers’ Day also saw the recognition of Nana Owusu Achiaw Brempong from the Sekyere Central district of the Ashanti Region, who was named the National Best Farmer.
With 50 years of experience in farming, Nana Owusu operates North American farms, which employ 168 workers in the cultivation of crops such as cocoa and cashew. As part of his recognition, he was awarded one million Ghana cedis.
During his acceptance speech, Nana Owusu called for greater efforts to improve food security, a theme echoed throughout the event.
The National Farmers’ Day celebrations, held across the country, highlighted the contributions of farmers to Ghana’s economy, with President Akufo-Addo and other dignitaries present to honor their hard work and dedication.