Ghana’s Agriculture Minister, Hon. Eric Opoku, has announced that the government has increased the earnings of cocoa farmers from an initial 60% to 70% of the world market price.
This announcement was made on behalf of the government through the sector minister in a post shared via social media.
While announcing, he said, “I have announced the government’s decision to exceed the initial 60% proposal and offer cocoa farmers 70% of the world market price.”.
Adding that “This increase is intended to motivate farmers, boost production, and further cement Ghana’s standing as the world’s second-largest producer of cocoa.”
He indicated that the government’s decision to increase the earnings of cocoa farmers is to motivate them to produce more cocoa, boost production to sustain Ghana’s strong global market presence, and strengthen Ghana’s position as a leading cocoa producer, second only to Côte d’Ivoire.
