The Ghana Cocoa Board (COCOBOD) has strongly refuted claims circulating on social media about a government-announced increase in cocoa prices.
In an official statement on its Facebook page, COCOBOD labeled the flyer—which alleged that Minister for Food and Agriculture, Eric Opoku, had stated cocoa farmers would receive 70 percent of the world market price—as completely false and misleading.
The regulatory body urged stakeholders and the public to disregard the misinformation and rely only on official communication channels for accurate updates on cocoa pricing.
“Our attention has been drawn to a false flyer circulating on social media claiming that the Minister for Food and Agriculture has announced an increase in cocoa prices. This information is completely untrue,” the statement read.
The board emphasized, “We urge our cherished stakeholders and the public to disregard this fake news and rely only on official communication from COCOBOD and the Ministry.”
The clarification comes at a critical time when cocoa farmers and industry players are closely monitoring potential price adjustments amid global market fluctuations.
Cocoa pricing remains a sensitive issue in Ghana, as the sector grapples with challenges such as rising production costs, declining output, climate-related risks, and the impact of global cocoa supply and demand trends.
Cocoa farmers have long advocated for better prices to reflect the realities of their operational costs. However, COCOBOD has reiterated that any changes to cocoa prices will be communicated through the appropriate official channels.
The false flyer, which has been widely circulated on social media, has caused confusion among farmers and stakeholders who are eagerly awaiting updates on pricing.
