“The decision to reduce cocoa farmgate prices has restored market confidence” – Dr. Wisdom Dogbey, Managing Director, Cocoa Marketing Company
Accra, Ghana – Dr. Wisdom Dogbey, Managing Director of the Cocoa Marketing Company (CMC), has stated that the recent reduction in cocoa farmgate prices has helped restore international market confidence in Ghana’s cocoa sector.
The decision, aimed at aligning prices with global market trends, is expected to boost Ghana’s competitiveness. According to Dr. Dogbey, the price adjustment has already enabled CMC to sell additional cocoa stock, strengthening the country’s position as a leading cocoa exporter.
While the move may present challenges for local farmers in the short term, Dr. Dogbey believes it will ultimately benefit them by stabilizing demand and ensuring long-term industry sustainability.
Ghana’s cocoa, known for its premium quality, continues to face tough competition globally, but with this strategic price reduction, Dr. Dogbey remains confident that Ghana will maintain its key role in the world cocoa market.
Story: EfuaNessa
Source:Loco tv