Ghana is expected to raise the fixed farmgate price offered to cocoa farmers, aiming to distribute profits from escalating global prices and discourage bean smuggling.
Over the past year, cocoa prices have surged, tripling due to disease outbreaks and adverse weather conditions in both Ghana and neighbouring Cote d’Ivoire, leading to a consecutive deficit in the global market.
From Accra, WADR’s Naa Dedei Tettey reports.
