Ghana Cocoa Board (COCOBOD) has dismissed claims circulating on social media that the government has announced an increase in cocoa prices to 70% of world market price for farmers.

COCOBOD in a post on social media stated that such reports are entirely false.

The regulatory body has urged stakeholders and the public to disregard the misinformation and rely only on official communication channels for accurate updates on cocoa pricing.

The social media flyer suggests that the Minister for Food and Agriculture, Eric Opoku, had declared that cocoa farmers would be paid 70% of the world market price, but this has been labeled as misleading by COCOBOD. "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.