The Ghana Cocoa Board (COCOBOD) has dismissed claims circulating on social media that the government has announced an increase in cocoa prices, labeling them as entirely false. Apexnewsgh reports
A social media flyer had suggested that the Minister for Food and Agriculture, Eric Opoku, had declared that cocoa farmers would be paid 70% of the world market price.
However, COCOBOD has urged stakeholders and the public to disregard this misinformation and rely only on official communication channels for accurate updates on cocoa pricing. The regulatory body emphasized that any price changes will be announced through the appropriate channels.
This development comes at a time when cocoa farmers and industry players are closely watching for potential price adjustments amid global market fluctuations.
The issue of cocoa pricing remains sensitive, with the country facing challenges such as rising production costs, declining output, climate-related risks, and the impact of global cocoa supply and demand trends.
Cocoa farmers have been advocating for better prices to reflect their operational costs, but COCOBOD’s statement serves as a reminder to rely on official sources for accurate information.
Source: Apexnewsgh.com
