The Ghana Cocoa Board (COCOBOD) has refuted claims circulating on social media suggesting that the government has announced an increase in cocoa prices, asserting that these reports are entirely false.
COCOBOD has advised stakeholders and the public to disregard the misinformation and to rely exclusively on official communication channels for accurate updates on cocoa pricing.
The misleading social media flyer alleges that the Minister for Food and Agriculture, Eric Opoku, declared that cocoa farmers would be paid 70% of the world market price. COCOBOD has labeled this information as inaccurate.
“Our attention has been drawn to a false flyer circulating on social media claiming that the Minister for Food and Agriculture has announced an increase in cocoa prices. This information is completely untrue.
“We urge our cherished stakeholders and the public to disregard this fake news and rely only on official communication from COCOBOD and the Ministry,” COCOBOD wrote on its social media page.
This development occurs at a time when cocoa farmers and industry players are closely monitoring for any potential price adjustments amidst global market fluctuations.
The issue of cocoa pricing remains sensitive as the country continues to face challenges in the sector, including rising production costs, declining output, climate-related risks, and the impact of global cocoa supply and demand trends.
Cocoa farmers have been advocating for better prices to reflect their operational costs, but COCOBOD states that any price changes will be communicated through the appropriate channels.
