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The government prior to the 2024 major mango season in Ghana has set the minimum purchase price of mango to be GH¢4 per kilogram, effective from 1st May 2024.

This decision, aimed at supporting mango farmers, follows a collaborative effort led by the Tree Crop Development Authority (TCDA), in conjunction with the Federation of Association of Ghanaian Exporters (FAGE) and the Mango Association of Ghana.

The minimum floor price model is intricately linked to the US Dollar and is influenced by international commodity market prices, which helps mitigate risks associated with exchange rate fluctuations.

This approach ensures stability and fairness in pricing for mango farmers across Ghana.

According to the TCDA, the pricing mechanism incorporates several factors, including the Free on Board (FOB) average international price of mango per kilogram, factored alongside the average exchange rate of the US Dollar as determined by the Bank of Ghana.

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