Ghana Cocoa Board (COCOBOD) has categorically refuted rumours circulating on social media regarding a supposed increment in cocoa prices, labelling such reports as false.
COCOBOD management has, therefore, asked stakeholders and the public to dismiss this misinformation and rely exclusively on official communication channels for accurate updates regarding cocoa pricing.
Earlier, a social media post had suggested that the Minister for Food and Agriculture, Eric Opoku, declared that cocoa farmers would receive 70% of the global market price, but COCOBOD has deemed this assertion misleading.
“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 posted on its social media pages.
This clarification comes at a crucial time when cocoa farmers and industry players are closely monitoring any potential price changes against the backdrop of global market fluctuations.
Cocoa pricing continues to be a sensitive issue as the country faces numerous challenges in the sector, including rising production costs, declining outputs, climate risks, and the nuances of global cocoa supply and demand.
Cocoa farmers are advocating for better pricing that reflects their operational realities, but COCOBOD emphasises that any price adjustments will be communicated through the proper channels.