Ghana hikes 2023/2024 cocoa farmgate price as supplies tighten ...Middle East

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Ghana raised the state guaranteed cocoa price paid to its farmers by more than 63% on Saturday in a bid to boost their income and prevent beans being smuggled to neighbouring countries where they fetch more money as supplies tighten. President Nana Akufo-Addo said farmers would receive 20,943 Ghana cedi ($1,837) per tonne for the new 2023/2024 season, which starts in September, compared with 12,800 Ghana cedi they got in the previous year.

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