Ghana: 2024/25 cocoa freight rate sees 5% increment

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Rédaction Africa Links 24 with Ghanaian Times
Published on 2024-09-19 07:05:49

Stakeholders in the Ghana’s Cocoa trade have agreed an average 5 per cent increment in the basic freight rate for the 2024/2025 cocoa season.

The stakeholders, which include Cocoa Marketing Com­pany (CMC), Ghana Shippers’ Authority (GSA), and 17 shipping lines, reached the agreement after a successful negotiations.

However, the Bunker (Fuel) Adjustment Factor (BAF) remains the same as last year.

The new rates, based on last year’s negotiations, will come into effect…

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