COCOBOD Refutes False Claims of Cocoa Price Increase in Ghana

The Ghana Cocoa Board (COCOBOD) has denied rumors circulating on social media about an increase in cocoa prices. The board called the claims "entirely false" and urged the public to rely on official sources for accurate information regarding cocoa pricing.

The rumors began with a flyer on social media, claiming that Ghana’s Minister for Food and Agriculture, Eric Opoku, had announced that cocoa farmers would receive 70% of the world market price for cocoa. However, COCOBOD quickly dismissed this as misleading and untrue.

In an official statement posted on its social media page, COCOBOD emphasized that there was no truth to the claim about an increase in cocoa prices. The board also warned the public and stakeholders not to spread such misinformation, urging everyone to verify information through trusted channels.

COCOBOD stressed that any future changes in cocoa pricing would be officially announced through the appropriate government channels. They reiterated the importance of relying on official communications to avoid confusion and rumors that can cause unnecessary speculation.

The board’s swift response highlights the need for accurate and reliable sources of information, especially when it comes to sensitive issues like pricing that can directly impact farmers and the economy. By addressing the issue, COCOBOD hopes to prevent the spread of false claims and ensure that all stakeholders are well-informed.

As of now, there has been no official announcement of any price changes for cocoa in Ghana, and COCOBOD assures the public that any such updates will be communicated properly.

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