Business News of Sunday, 21 June 2020Source: GNAGovernment set to increase price of Cocoa this yearFile photoThe Chief Executive Officer(CEO) of Ghana Cocoa Board(Cocobod), Mr Joseph Boahene Aidoo has hinted of conclusive discussions with President Nana Akufo-Addo to increase the price of Cocoa in the coming months this year. Currently, the government buys one bag of Cocoa beans from farmers at 515.00 Ghana cedis. Mr Boahen-Aidoo said this during an engagement with Cocoa farmers at separate functions at Nsuaem No.2 and Wassa-Afransie as part of a working visit to Dunkwa-On-Offin and Wassa-Akropong Districts in the Western South Cocoa Region. Mr Boahene-Aidoo lamented that 60 million seedlings were given to farmers during the Mahama administration but ironically, over 200 million hectares of Cocoa went bad in the Cocoa Regions of Ghana. He announced that the government has earmarked an incentive package for farmers who observed sound cultural practices to increase productivity.

Source: GhanaWeb June 20, 2020 19:07 UTC