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The government has announced a new cocoa price at the opening of the 2023/2024 cocoa season.

A bag of cocoa has moved from GH¢800.00 per bag to GH¢1,308.00 per bag.

The new price moved the price per tonne from GH¢ 12,800.00 to GH¢ 20,943.00.

The new price represents 63.5 per cent increment of the previous one.

President Nana Addo Dankwa Akufo-Addo announced this at Tepa on Saturday, September 9, 2023.

He said the new price was the highest in the sub-region in the last 15 years and was meant to improve the livelihoods of the farmers and for a fair and remunerative price for their efforts.