This comes on the back of increased supply from major cocoa producers.
Similarly, the BoG said gold prices also declined by 3.9 percent to average US$1,789.6 per fine ounce.
The central bank said this is due to pressures from the strong US dollar.
The Governor of the Bank of Ghana Dr Ernest Addison announced this during the 102nd Monetary Policy Committee (MPC) press conference.
The average price of crude oil went up by 40.4 percent to
US$70.5 per barrel driven by supply shortfalls and increased demand as economies reopen. Read Full Story
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