Steve Hanke, an American economist and professor of applied economics at Johns Hopkins University, has accused the Ghana Cocoa Board (COCOBOD) of cheating farmers.

He noted that COCOBOD pays farmers only one-third of the market price for cocoa.

In a post on his X page, Prof Hanke said "The Ghana Cocoa Board rips off Ghanaian farmers.

The board pays farmers only one-third of the market price for cocoa.