Connect with us

News

Producer price of cocoa jumps from $3,100 to $5,040 per tonne – Finance Minister

Published

on

• Minority Leader Dr Cassiel Ato

The Government has announced a significant increase in the producer price of cocoa ahead of the 2025/2026 crop season, which opens on Thursday, August 7, 2025.

According to the Minister for Finance, Mr. Cassiel Ato Forson, the new price has been reviewed upwards from US$3,100 per tonne to US$5,040 per tonne.

He stated that it represents a 62.58% increase in dollar terms and aligns with President John Dramani Mahama’s commitment to pay cocoa farmers 70% of the gross Free-On-Board (FOB) value of cocoa.

Mr. Forson, who chairs the Producer Price Review Committee (PPRC), said the decision followed a committee meeting to review pricing for the upcoming season.

Advertisement

He explained that the $5,040 per tonne figure represents exactly 70% of the gross FOB value of US$7,200 per tonne, an improvement over the previous government’s 63.9% payment to farmers under the 2024/25 season.

He noted that the FOB value was calculated using about 100,000 tonnes of cocoa sold at US$2,600 per tonne in the 2023/2024 crop year, coupled with price forecasts for the 2025/2026 season.

He added that at an average exchange rate of GHS10.25 to the US dollar, the increase also affects the Ghana cedi equivalent of cocoa prices.

Mr Forson indicated that farmers will now receive GHS51,660 per tonne, up from GHS49,600. This translates to GHS3,228.75 per bag of 64-kilogram gross weight.

Advertisement

The new pricing regime takes effect from Thursday, August 7, 2025.

By: Jacob. Aggrey

News

Dagaaba, Frafra celebrate unity, culture, business at 29th Games

Published

on

Frafra ladies celebrating one of their goals

The 29th Annual Dagaaba-Frafra Friendly Games have once again demonstrated that sports can be a powerful vehicle for cultural preservation, business networking, friendship and peaceful coexistence.

Held at the El-Wak Sports Stadium in Accra last Saturday, the games brought together members of the two ethnic groups from across Ghana and abroad for a colourful celebration under the theme, “Unity in Diversity: The Dagaaba-Frafra Model for Peaceful Co-existence.”

The event, which has evolved from a friendly football match into a major annual gathering, featured football, volleyball, sack races, lime and spoon, tug-of-peace and a penalty shootout for senior citizens.

At the end of the competitions, the Frafra won four events, while the Dagaaba secured victories in five, with the men’s soccer match ending in a draw.

The Frafra triumphed in the men’s lime and spoon, men’s sack race, women’s sack race and women’s soccer, while the Dagaaba won the women’s lime and spoon, men’s volleyball, women’s volleyball, women’s tug-of-peace and the senior citizens’ penalty shootout.

However, the games extended far beyond the sporting arena. The stadium grounds and surrounding spaces became a vibrant marketplace, with patrons enjoying and purchasing a variety of traditional foods, drinks and cultural products.

Local delicacies, including TZ, tubaani, bambara beans, pork, guinea fowl, local fowls, dog meat and kosie, were sold alongside traditional alcoholic beverages. Traditional dresses and other culturally inspired items also attracted buyers, turning the gathering into an important platform for small businesses and vendors to make sales while promoting northern Ghanaian culture.

Advertisement

The cultural exchange continued long after the final sporting contests, as patrons remained at the venue to eat, drink, socialise, dance and party well into the night.

In her remarks, the Guest of Honour, Dr Matilda Aberese-Ako, said the gathering represented much more than competition, describing the Dagaaba-Frafra relationship as a historic bond that had evolved into a modern sporting tradition and an instrument for peace.

MTN Ghana has been the headline sponsor for the games for the past 10 years.

By Gordon Wellu 

Advertisement

By Gordon Wellu 

SKIP THE QUEUE, TAP THE NEWS

You can now read the Ghanaian Times and The Spectator newspapers from the comfort of your device via TimesNewsPlus.

Join our WhatsApp Channel: https://whatsapp.com/channel/0029VbBElzjInlqHhl1aTU27

Advertisement
Continue Reading

News

MTN Ghana, FC, Rainforest Alliance move to restore Chipa Forest Reserve

Published

on

A Forestry Commission staff demonstrating how to plant and nurture a tree

MTN Ghana has undertaken a tree-planting exercise at the Chipa Forest Reserve as part of its commitment to protecting the planet and support the restoration of degraded sections of the forest.

The activity forms part of the company’s 2026 Sustainability Month celebration held under the theme “Small Actions: Big Impact,” and its 30th anniversary celebration.

It was held in partnership with the Forestry Commission (FC) and the Rainforest Alliance with MTN Ghana supporting the restoration of approximately two hectares of degraded forest through the planting of 1,666 trees.

Due to the current dry weather conditions, 833 trees were planted during the exercise, with the remaining 833 to be planted when the rain commences.

The exercise brought together MTN employee volunteers, officials from the Forestry Commission and representatives of the Rainforest Alliance, demonstrating the importance of collaboration in driving environmental sustainability.

Advertisement

Speaking at the event, the Acting General Manager for Sustainability and Shared Value at MTN Ghana, Georgina Asare Fiagbenu, emphasized the critical role trees play in sustaining life and protecting the environment.

“Trees are essential to human survival and healthy ecosystems. They absorb carbon dioxide, release oxygen, regulate temperatures, protect soil, support biodiversity and provide habitats for many species. They also conserve water, reduce erosion and help communities adapt to the effects of climate change,” she said.

The District Manager of the Tema-Ada Forest Services Division of the Forestry Commission, Linda Ansah, welcomed MTN Ghana’s support, describing it as a valuable contribution to efforts aimed at restoring degraded sections of the reserve.

The Country Director of the Rainforest Alliance, Nicholas Jengri, also welcomed the partnership and emphasised the importance of collective action in addressing environmental challenges.

Advertisement

SKIP THE QUEUE, TAP THE NEWS

You can now read the Ghanaian Times and The Spectator newspapers from the comfort of your device via TimesNewsPlus.

Join our WhatsApp Channel: https://whatsapp.com/channel/0029VbBElzjInlqHhl1aTU27

Continue Reading
Advertisement

Trending