{"id":97685,"date":"2025-08-20T21:07:07","date_gmt":"2025-08-20T21:07:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/97685\/"},"modified":"2025-08-20T21:07:07","modified_gmt":"2025-08-20T21:07:07","slug":"ghana-currently-pays-the-highest-farmgate-prices-in-west-africa","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/97685\/","title":{"rendered":"Ghana currently pays the highest farmgate prices in West Africa"},"content":{"rendered":"<p class=\"article-image\"><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/Ghana-currently-pays-the-highest-farmgate-prices-in-West-Africa-COCOBOD-1997073?gallery=1\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2025\/08\/35735473.295.jpg\" alt=\"Cocoa is a key export commodity for Ghana\" title=\"Cocoa is a key export commodity for Ghana\" width=\"295\" height=\"197\" \/> <\/a>Cocoa is a key export commodity for Ghana<\/p>\n<p id=\"article-123\">The Ghana Cocoa Board (COCOBOD) has refuted reports suggesting that Ghanaian cocoa farmers earn less than their counterparts in C\u00f4te d\u2019Ivoire, insisting that Ghana currently pays the highest farmgate price in West Africa.<\/p>\n<p>In a statement released on August 20, 2025, and sighted by <a target=\"_blank\" href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/people\/person.php?ID=3718\" rel=\"nofollow noopener\">GhanaWeb<\/a> Business, COCOBOD said official figures confirm that Ghanaian farmers are significantly better off.<\/p>\n<p>Currently, Ghana\u2019s producer price stands at GH\u00a23,228.75 per 64kg bag, equivalent to GH\u00a251,660 per tonne or US$5,040 per metric tonne (MT).<\/p>\n<p><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/C-te-d-Ivoire-Ghana-Cocoa-Initiative-welcomes-Ghana-s-cocoa-price-hike-1994888\" target=\"_blank\" rel=\"nofollow noopener\">C\u00f4te d&#8217;Ivoire-Ghana Cocoa Initiative welcomes Ghana&#8217;s cocoa price hike<\/a><\/p>\n<p>In contrast, C\u00f4te d\u2019Ivoire pays GH\u00a22,553.38 per bag, or GH\u00a240,854 per tonne (US$3,886\/MT).<\/p>\n<p>According to the August 2025 Commodity Analysis Team report, Ghanaian farmers are earning:<\/p>\n<p>\u2022 GH\u00a2675.38 (US$64.16) more per bag<\/p>\n<p>\u2022 GH\u00a210,806 (US$1,154) more per tonne<\/p>\n<p>Breakdown of comparisons<\/p>\n<p>\u2022 Per Kilogramme: Ghana \u2013 GH\u00a251.65 (US$5.04) | C\u00f4te d\u2019Ivoire \u2013 GH\u00a240.85 (US$3.89)<\/p>\n<p>\u2022 Per 64kg Bag: Ghana \u2013 US$315 | C\u00f4te d\u2019Ivoire \u2013 US$227<\/p>\n<p>\u2022 Per Tonne: Ghana \u2013 US$5,040 | C\u00f4te d\u2019Ivoire \u2013 US$3,886<\/p>\n<p>COCOBOD stressed that claims of parity or disadvantage are \u201cfactually inaccurate and misleading.\u201d<\/p>\n<p>It explained that Ghana\u2019s pricing strategy not only ensures fair returns for farmers but also shields them from currency volatility and reduces the incentive for smuggling across the Ghana\u2013C\u00f4te d\u2019Ivoire border.<\/p>\n<p>\u201cThis pricing policy reflects COCOBOD\u2019s unwavering commitment to ensuring fair and rewarding returns for farmers\u2019 hard work,\u201d the statement said.<\/p>\n<p>The Board added that Ghana\u2019s leadership in the global cocoa industry is reinforced by sustainable prices and uncompromised quality.<\/p>\n<p><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/Government-sticks-to-syndicated-loans-as-cocoa-price-jumps-62-1994643\" target=\"_blank\" rel=\"nofollow noopener\">Government sticks to syndicated loans as cocoa producer price jumps by 62%<\/a><\/p>\n<p>\u201cGhana\u2019s cocoa remains the global benchmark for quality, and now, backed by the highest farmgate price in West Africa, it also guarantees better livelihoods for our farmers,\u201d it concluded.<\/p>\n<p>SP\/MA<\/p>\n<p>&#8216;Last Wave&#8217;: Defence Press Corps captures Dr Omane Boamah&#8217;s final assignment<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"Cocoa is a key export commodity for Ghana The Ghana Cocoa Board (COCOBOD) has refuted reports suggesting that&hellip;\n","protected":false},"author":2,"featured_media":97686,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-97685","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/97685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=97685"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/97685\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/97686"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=97685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=97685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=97685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}