President Akufo-Addo has announced a modest rise in the producer price of cocoa for the 2024/2025 harvest season.
The price has been increased from GH₵3,000 to GH₵3,100 per 64 kg bag.
This represents a 0.03% increase from the previous rate set in September. The President said that the increase is in reaction to current market conditions and is consistent with his ongoing efforts to improve cocoa farmers’ lives in Ghana.
Speaking at the National Farmers’ Day awards ceremony in Accra on Friday, November 8, 2024, President Akufo-Addo emphasized that the price adjustment is part of a larger strategy to review cocoa prices on a regular basis to ensure farmers’ incomes are supported despite the often-difficult conditions they face.
Akufo-Addo increases cocoa price few days to election
“I have directed the Minister for Agriculture to ensure regular price adjustments that reflect global market trends and the realities on the ground,” said the chief executive.
Nana Owusu Achiaw Brempong receives the National Best Farmer Award.
Nana Owusu Achiaw Brempong, a 70-year-old farmer from the Ashanti Region’s Sekyere Central District, has been selected the National Best Farmer for 2024 in recognition of his outstanding achievements to agriculture.
Nana Owusu received one million Ghana cedis, among other honors, in recognition of his remarkable farming achievements and major contribution to the country’s agricultural industry.
During his victory speech, Nana Owusu emphasized the need of food security for Ghana’s future. He advocated for more investment in local agriculture to lessen the country’s reliance on food imports and achieve self-sufficiency.
“We must prioritize local production if we are to safeguard our food security and grow our economy,” he told reporters.
Farmers’ Day celebrations across the country highlighted the critical role that farmers play in Ghana’s economy. The event is held annually to recognize farmers’ hard work and dedication, which are vital to the nation’s agricultural productivity, food security, and general economic development.
This year’s commemoration takes place at a time when agriculture remains a vital source of employment and revenue in Ghana, accounting for a sizable portion of the country’s GDP. The government continues to emphasize the need to assist farmers with efforts that increase productivity and provide fair recompense.
With higher cocoa prices and continuing recognition of farmers’ achievements, the government hopes to enhance the agricultural sector, improve farmers’ livelihoods, and maintain Ghana’s status as one of the world’s leading cocoa producers.
