President Nana Addo Dankwa Akufo-Addo has announced that the government has increased the producer price of cocoa for the 2020/2021 crop season to GH¢10,560 per metric ton.
According to President Akuffo-Addo this is to take effect from October 1, 2020 and with this new price it means Ghana has kept faith under the international arrangements with cote d’ivoire.
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“Nananom, beginning 1st October 2020, I am happy to announce the award of a new cocoa producer price of GH¢10,560 per metric ton, equivalent to GH¢660 per bag for the coming 2020/21 crop year,”he said.
“By this new producer price, we have kept faith with our commitment, under the international arrangement with Côte d’Ivoire and global stakeholders, by awarding to our farmers the full four hundred United States dollars per metric ton (US$400/MT) Living Income Differential (LID),” he added.
