The price was fixed at a meeting with government representatives and cotton farmers and companies at Tamale in the Northern Region.
After the meeting, the price of seed cotton grade A was pegged at GHC2.2 per kilogram whilst grade B seed cotton will be supplied for GHC1.76 per kilogram.
The input cost would also be GHC351.00 while repayment in kilograms was fixed at GHC159.5.
This was sighted by the Ghana News Agency in a memorandum dated 9th May 2019 and signed by Wienco Cotton Operational Manager, Gbana Yahaya.
The Zonal Manager for Wienco in Sissala East, Bakpa Sulemana Bachang, said that they considered the world market price of cotton to arrive at the new price.
He urged cotton farmers in the Sissala East, West, and Wa East “to take advantage of the favourable prices announced and be serious with their work this year”.
“Payment after cultivation will not be delayed with the aim of bringing cotton production back to the previous competitive years,” he added.
Ghanaian cotton farmers are happy with the new price announcement.
A cotton farmer from Jeffissi in the Sissala West District, Kassim Sulemana said the “government has taken a bold step” as they have exceeded his expectations.
“We shall all now do cotton farming, now that government is serious,” he added.