The Ghana Cocoa Board (COCOBOD) has refuted claims circulating about a new producer price for cocoa, labelling such reports as false and misleading.
Ghanaian fashion
In an official statement issued Thursday, the Board clarified that no price adjustment has been authorized, as the required administrative framework remains incomplete.
COCOBOD highlighted two critical gaps including the absence of functional Board of Directors to approve such a decision.
it also pointed out that the Producer Price Review Committee, which assesses and proposes price changes, is yet to be constituted.
“Without these key bodies operational, any announcement of a new producer price is impossible and unauthorized,” the statement emphasized.
The Board urged the public and media to ignore unverified claims and await official communication through proper channels.
