Cocoa farmers at Sehwi Aboagyekrom in the Western North Region have lauded the Ghana Cocoa Board (COCOBOD) following the announcement that a new cocoa producer price will be declared in August 2025.

The anticipated price is expected to surpass that of neighbouring Ivory Coast, a move the farmers believe will enhance their livelihoods and address key challenges facing the cocoa industry.

The Chief Executive Officer of COCOBOD, Dr. Ransford Abbey, made the announcement during a three-day working tour of the Western North and Western South Regions.

Addressing a gathering of cocoa farmers at Aboagyekrom in the Sehwi Wiawso Municipality, Dr. Abbey explained that the planned price increment is part of the government’s effort to support cocoa farmers and reduce the temptation to smuggle produce across borders, where prices are currently more favourable.

He noted that the move forms part of a broader plan aimed at boosting farmers' earnings, deterring cocoa smuggling, and minimizing the impact of illegal mining in cocoa-producing regions.

The announcement was met with enthusiasm among farmers, many of whom expressed relief following widespread speculation that there would be no price adjustment this year.

They lauded COCOBOD for listening to their concerns and reaffirming its commitment to the well-being of cocoa growers.

In media interactions, several farmers indicated that the proposed price increase would not only encourage higher yields but also inspire more young people to consider cocoa farming as a viable livelihood.

They further believe that a price adjustment would strengthen the industry by reducing the incentive for cross-border smuggling of cocoa beans.

Farmers assured COCOBOD of their ongoing cooperation and appealed to the government to ensure the final announcement in August reflects the realities of the global cocoa market.