Samuel Ofosu Ampofo, chairman of COCOBOD, stated that the price of cocoa will not be reduced any further. This announcement offers reassurance to farmers across the country.
He also shared plans to establish a cocoa price stabilization fund. This fund is intended to help manage price fluctuations and provide support.
The exact details and timeline for the stabilization fund were not immediately provided.
The move aims to ensure greater economic security for cocoa farmers.
This decision is expected to impact the livelihoods of many involved in Ghana's cocoa industry.