
Cocoa price has been increased by 21 percent despite the outcry of the farmers who agitated for over 100 percent due to the economic hardship and the high increased prices of agrochemicals and fertilizer. Now the new buying price of cocoa for 64 kilos is Gh 800.00
The farmers claimed labour cost has seen over 50 percent increase. According to them, buying 64 kilos of cocoa at 650 Ghana cedis was completely an insult. Most of the cocoa farmers had demanded over a 100% price increase.
Several cocoa farmers had decided to shift to different farming, while others have sold their cocoa farms into mining fields.