• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Agribusiness

Cocoa: Gov’t raises farmgate price from GHS 660 to GHS 800; new price effective October 7

3 years ago
in Agribusiness, Economy, Features, highlights, Home, home-news, latest News, Markets, Trade
2 min read
0 0
0
129
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Cocoa: Gov’t raises farmgate price from GHS 660 to GHS 800; new price effective October 7

Fixed farmgate price paid to cocoa farmers has been raised by 21% by government from GHS 660 to GHS 800 per bag [64kg] for the 2022/2023 season starting on October 7, 2022.

The increment in the farmgate price by government is higher than the 15 to 20% increment demanded by the Ghana Civil-Society Cocoa Platform (GCCP).

Announcing the new farmgate price, Minister for Agriculture, Dr. Owusu Afriyie Akoto, speaking at a press briefing said the cedi depreciation against the dollar prevented government from increasing the figure beyond 21%.

“We are all aware of the depreciation of the cedi this year. This means government will have to take some cut.

“We are pleased to announce that government has increased the producer price of cocoa by 21% from ¢10,560 per tonne to ¢12,800.00 per tonne. The producer price represents 89.99% of the net FOB value.

“This figure translates into ¢800 per bag of 64 kg. gross weight and takes effect from Friday, 7th October, 2022”, he stated.

RelatedPosts

Dangote to Build $2.5 Billion Fertiliser Facility in Ethiopia

Top 10 African Countries With the Lowest Debt to the IMF in August 2025

Ghana Ranked Among Top 10 Best-Governed African Countries in 2025

Adding that, the 21% rise in the producer price of cocoa is a testament to government’s resolve to ensure farmers earn a decent income and make cocoa farming lucrative.

He further stressed that government will continue to implement initiatives to build a robust, resilient and sustainable cocoa industry where cocoa farmers and their communities will thrive.

“To ensure a decent standard of living for Ghanaian cocoa farmers after retirement, government will from November 2022 move from the pilot phase to the implementation phase of the Cocoa Farmer’s pension scheme. The scheme remains an unprecedented achievement under President Akufo-Addo,” he stated.

Touching on other rates, Dr. Akoto disclosed that the Producer Price Review Committee (PPRC) also approved the rates and fees for all other stakeholders in the supply chain.

“These include the buyers’ margin, hauliers’ rate, warehousing and internal marketing costs, as well as, fees for disinfestation, grading and sealing and scale inspection,” he quipped.

Meanwhile, Ghana’s neighbour, the Ivory Coast, has raised the fixed farmgate price paid to cocoa farmers by over 9% to 900 CFA francs ($1.33) per kilogramme from 825 CFA francs for the main crop of the 2022/2023 season which started on October 1, 2022.

Ivory Coast’s farmgate price is pegged at GHS 858, higher than Ghana’s GHS 800 farmgate price.

Tags: Cocoa: Gov't raises farmgate price from GHS 660 to GHS 800; new price effective October 7farmgate price paid to cocoa farmersghanaGhana Civil-Society Cocoa Platform (GCCP)
No Result
View All Result

Highlights

Cocoa Marketing Company (CMC) Secures Major Win for Ghana at the Annual Cocoa Freight Negotiation Conference in Rouen, France

UEFA Champions League: Five Exciting Fixtures to Keep an Eye on

BoG 2nd Deputy Governor Urges Firms to Move Beyond Tokenism in Promoting Women to Leadership Roles

Market Activity Slows as Prime Index Marginally Edges Higher to 7,340.08 Points

US Open: Sinner Advances as Gauff and Swiatek Struggle

Unemployment Rate Falls to 13.1% but Youth Joblessness Remains Acute, Says GSS

Trending

Agribusiness

Dangote to Build $2.5 Billion Fertiliser Facility in Ethiopia

August 29, 2025

Dangote to Build $2.5 Billion Fertiliser Facility in Ethiopia Ethiopia has entered into a partnership with Nigeria’s...

Top 10 African Countries With the Lowest Debt to the IMF in August 2025

August 29, 2025

Ghana Ranked Among Top 10 Best-Governed African Countries in 2025

August 29, 2025

Cocoa Marketing Company (CMC) Secures Major Win for Ghana at the Annual Cocoa Freight Negotiation Conference in Rouen, France

August 29, 2025

UEFA Champions League: Five Exciting Fixtures to Keep an Eye on

August 29, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.