NPP demands review of GH¢2,650 cocoa price, questions statutory calculation

The announcement was made under the Ghana Cocoa Board Act, 2026 (Act 1182), which provides for a minimum of 70 per cent of the realised gross FOB price to be paid to cocoa farmers.

In a statement dated September 27, the opposition party questioned the basis on which the government arrived at the new price, particularly its calculation of the percentage of the Gross Free-on-Board (FOB) value being paid to cocoa farmers.

The dispute now centres on whether the GH¢2,650 price accurately reflects the statutory 70 per cent minimum and whether the government’s calculation of the realised gross FOB value provides sufficient basis for the announced figure.