COCOBOD dismisses claims of cocoa price increase

The Ghana Cocoa Board (COCOBOD) has refuted claims circulating on social media that the government has announced an increase in cocoa prices.

It urged the public to disregard the misinformation and rely only on official sources for updates.

A viral flyer falsely suggested that Food and Agriculture Minister Eric Opoku had declared farmers would receive 70% of the world market price for cocoa.

COCOBOD labeled this as misleading, emphasizing that no such announcement has been made.

This clarification comes amid growing anticipation among cocoa farmers for price adjustments due to rising production costs and global market shifts.

COCOBOD assured stakeholders that any price changes would be communicated through the proper channels, addressing concerns about sustainability in the cocoa sector.