COCOBOD denies claims of cocoa price increase

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The Ghana Cocoa Board (COCOBOD) has strongly refuted claims circulating on social media that the government has announced an increase in cocoa prices.

Describing these reports as entirely false, COCOBOD has urged the public to disregard them and rely solely on official communication channels for accurate updates on cocoa pricing.

A widely shared social media flyer alleged that the Minister for Food and Agriculture, Eric Opoku, had announced that cocoa farmers would receive 70% of the world market price. However, COCOBOD has dismissed this claim as misleading.

“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,” COCOBOD stated in a post on its official social media page.

They also cautioned stakeholders and the public against spreading misinformation, emphasizing the need to verify information from credible sources.

COCOBOD reassured the public that any future price adjustments would be officially communicated through the appropriate channels to prevent misinformation and speculation.

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