COCOBOD released the funds to Licensed Buying Companies (LBCs) and this is the second tranche for the 2010/2011 crop season, according to a COCOBOD statement released October 4, 2012.
“The bonus to be paid is GH¢32.00 per tonne (16 bags) or GH¢2.00 per bag of 64kg of cocoa,” the statement said.
The state-run regulator said the release of funds was in “fulfillment of government’s pledge to pay bonuses twice a year to cocoa farmers.”
Cocoa farmers are expected to receive their bonuses from today onwards.
Ghana earned $1.8 billion from cocoa beans export from January to July 2012, according to the Bank of Ghana.
By Ekow Quandzie