A recent controversy has sparked a heated debate among Ghanaians, with a prominent member of the NPP's communications team, Dennis Miracles Aboagye, making a bold claim that has caught the attention of many. The claim? That cocoa prices reached a staggering $13,000 per tonne in 2025. But here's where it gets controversial... the facts don't seem to align with this statement.
Aboagye, in his criticism of the government's cocoa pricing policies, asserted that cocoa prices had skyrocketed to this unprecedented level. However, our fact-checking journey reveals a different story.
We delved into the data, analyzing sources like the International Cocoa Organization (ICCO) and Business Insider, specifically focusing on the year 2025. The highest price recorded for cocoa that year, according to ICCO, was $11,453.00 per tonne on January 29th. Business Insider's data also showed a peak of $11,510.37 on January 22nd, slightly higher but still a far cry from the claimed $13,000.
And this is the part most people miss: a Bloomberg report from 2025 mentions that global cocoa prices "almost" reached $13,000 in the previous year, 2024. If prices had indeed surpassed this benchmark in 2025, it's highly likely that this would have been the new record-breaking figure, not a reference to the past.
When we look at the data for 2024, the highest prices were recorded on April 19th and December 18th, at $12,538.81 and $12,475.33, respectively. These figures, while impressive, still fall short of the $13,000 mark.
So, is Miracles Aboagye's claim a case of misinformation or a misunderstanding of the data? We leave that for you, the audience, to decide. Feel free to share your thoughts and opinions in the comments below. We encourage a respectful discussion and welcome your insights on this matter.
