BUSINESSFarmers Threaten To Smuggle Cocoa If Price Of Produce...

Farmers Threaten To Smuggle Cocoa If Price Of Produce Does Not Go Up Further To An Agreed Amount

-

Farmers Threaten To Smuggle Cocoa If Price Of Produce Does Not Go Up Further

Cocoa farmers have threatened to smuggle their produce to neighbouring countries if government does not take measures to further increase the price of cocoa.

A bag of cocoa was previously selling for GH¢660 in Ghana until government yesterday announced an increment in the producer price by 21% to GH¢800 for the 2022/2023 cocoa crop season.

The new pricing regime is expected to take effect from Friday, October 7, 2022.

However, some cocoa farmers are lamenting the new increment is woefully inadequate, as compared to that of the Ivory Coast which is pegged at about ¢858 for the same season.

Speaking to the press, the President of the Concerned Farmers Association, Nana Oboadie Boateng Bonsu said they are unhappy with the new rates and demand a further price adjustment.

“The government has put in some effort, but this is not enough for us. We were expecting about GH¢1,500 so that we could at least have about GH¢250 for welfare and GH¢1250 in the pocket of the farmer.”

“How can the cocoa farmers decide on a price and then government sit elsewhere and quotes its price without consulting us? There was no dialogue whatsoever. Our farmers are threatening to smuggle their produce to neighbouring countries if there is no further increment in the price.”

Latest news

Connected Banking Summit 2025: Experts Gather to Shape the Future of Banking

Yesterday, February 19, 2025, the Kempinski Hotel in Accra played host to the biggest gathering of experts in the...

COP Tiwaa Addo-Danquah Reassigned As Director-General Of Research And Planning For GPS

COP Maame Yaa Tiwaa Addo-Danquah (Mrs.), the immediate past Executive Director of the Economic and Organised Crime Office (EOCO),...

Deportation Fears Leave Church Of Pentecost Branch In North Columbus Empty

For fear of being deported to Ghana, a Church of Pentecost branch in North Columbus, United States, has been...

Sammy Gyamfi Refutes Claims Of Office Renovations At PMMC

The Acting Managing Director of the Precious Minerals Marketing Company (PMMC), Sammy Gyamfi, has refuted claims that he spent...

New Juaben North MCE Aspirant Submits Fake Document

An Aspiring Municipal Chief Executive (MCE) for New Juaben North has allegedly submitted fake educational credentials to the regional...

Insider Details To The NDC Military-Style Operation That Enthroned Bagbin As Speaker Of Parliament

Alban Bagbin is, today, serving a historic second tenure as the only person to be elected twice to serve...

Must read

Connected Banking Summit 2025: Experts Gather to Shape the Future of Banking

Yesterday, February 19, 2025, the Kempinski Hotel in Accra...

COP Tiwaa Addo-Danquah Reassigned As Director-General Of Research And Planning For GPS

COP Maame Yaa Tiwaa Addo-Danquah (Mrs.), the immediate past...

You might also likeRELATED
Recommended to you