The Public Relations Officer (PRO) of the Ghana cocoa Board Fiifi Boafo has said that cocoa is sold based on the size of the seeds.
He indicated that cocoa is sold based on the size of the beans which is available.
Speaking to Plan B FM, he stated that farmers should not completely believe the prices of cocoa on the internet.
He added that the producer Price Review Committee which includes, not only the government but the Bank of Ghana (BOG), Ministry of cocoa board , Cocoa Board (COCOBOD) , licensed buying companies and mostly farmers who contribute to determine the best price for the cocoa beans.
He further added that the sale of cocoa beans goes through processes that involve costs which all add up to determine the exact amount that is finally paid to farmers.
These costs or expenses are all vital such as providing insecticides , providing a storage facility and others , including considering the size of the beans, as smaller beans are discounted by 20% before being sold.
All these affect the final price of the beans given to the farmers.
Comparing Ghana’s market to that of lvory Coast , he made it clear that Ghana gets a better price for its beans, by an amount between 80gh to 150gh
Concluding, he urged Farmers to be patient and present their representatives for an extensive discourse so they can reach an agreement.
He also cautioned farmers not to resort to threats or illegal smuggling of cocoa as it inadvertently affects them and the nation as a whole.
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