Cocoa prices increased by 70.4%

President Akufo-Addo announcing the new cocoa price.

By Nicholas Osei-Wusu 

Government has announced a new price of ₵1,308 for a bag of cocoa starting from Saturday, September 9, 2023.

The amount represents 70.4% over the previous figure of ₵800 for the same quantity of cocoa.

Cocoa Price

Announcing the new price at the opening of the 2023-2024 cocoa season at Tepa in the Ahafo Ano North Municipality in the Ashanti region, President Akufo-Addo also announced that the price for a ton of the commodity has also increased from ₵12,800 to ₵20,943, the equivalent of $1,824, the highest in Africa in the last 50 years.

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