The sudden reduction in the producer price of cocoa from GH¢3,625 to GH¢2,587 per bag, which represents 28.6% reduction, angered Ghanaian farmers and
The sudden reduction in the producer price of cocoa from GH¢3,625 to GH¢2,587 per bag, which represents 28.6% reduction, angered Ghanaian farmers and continues to anger them.
They feel cheated, deceived and disappointed by the government because the promise they made to them ahead of the 2024 General Elections has been cruelly broken.
The President of Ghana, John Dramani Mahama, addressed a group of Ghanaians in Philadelphia on Thursday, March 26, 2026, where he advised that the cocoa sector should not depend solely on raw exports, as this makes the country susceptible to fluctuations in global prices.
“The recent incident with cocoa, with the prices plummeting, and you see all the videos — an aggrieved cocoa farmer saying that I owe them,” he said.
“It is because for almost seventy years after we gained independence, we’re still exporting raw beans to the world. I believe that what has happened in the international market should be a wake-up call for us,” the president added.
Ghana’s cocoa farmers have been demanding that the government fulfil all the promises made to them ahead of the 2024 General Elections.
Prices of cocoa at the world market have been slashed drastically, leading the government to also slash the producer prices.
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