Ghana, the world’s number two cocoa producer, has raised the fixed farmgate price paid to cocoa farmers for the second time this 2024/25 season to help boost farmers’ incomes, President Nana Akufo-Addo said.
A cocoa marketing board, The authorities have been seeking to increase farmers’ incomes and deter smuggling, which led to Ghana losing more than a third of its cocoa output for 2023/24, according to Cocobod officials. Akufo-Addo also said he had directed Cocobod to provide scholarships to cocoa farmers’ children in tertiary education.
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