Business News Tue, 2 Oct 2018

Cocoa prices remain at GHC7,600 per tonne

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The government has kept the price of cocoa unchanged for yet another time.

This means the industry regulator will be buying a tonne of cocoa beans for GH¢7,600 from cocoa farmers for the 2018/2019 crop year; same as it did for the just ended crop season.

But the Ghana Cocoa Board (COCOBOD) wants the government to outline a roadmap to clear the outstanding debt of about $ 1 Billion, accrued on its books as a result of maintaining the producer price of cocoa in the 2017/2018 season.

Citi Business News in this report looks at how sustainable the current price is for farmers and whether the government is ready to adjust it in the face of changes on the world market.

Source: citinewsroom.com
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