News
Cocoa Arrears: blame game will not solve the problem – Prof. Bokpin Boadi
Economist and policy analyst, Professor Godfred Bokpin Boadi, has called on government to stop the blame game over cocoa arrears and instead focus on finding practical solutions to address the challenges facing cocoa farmers.
Speaking during a discussion on the issue at joy news, Prof. Boadi said arguing over whether the current or previous government is responsible for the problem will not help farmers who are already struggling.
According to him, governments inherit both assets and liabilities when they take office, and while they often take credit for the assets, they are quick to shift blame when it comes to liabilities.
“Government inherits assets and liabilities. We praise the assets but try to find excuses when it comes to liabilities,” he said.
Prof. Boadi explained that cocoa, like gold, is sold on the international market, and Ghana does not control its price.
He noted that the country only controls production and quantity, while prices are determined globally.
He warned successive governments against politicising commodities such as cocoa, gold, and other export products, saying changes in international prices can easily expose the economy to serious challenges.
According to him, the revenue from cocoa sales in dollars, when converted using the exchange rate, should be enough to pay farmers.
However, fluctuations in global prices and the exchange rate have created a gap between what farmers are promised and what government earns from cocoa exports.
He pointed out that Ghana is currently paying farmers based on a cocoa price of about 5,500 dollars per tonne, while the international market price has dropped to around 4,300 dollars per tonne, creating a shortfall of more than 1,200 dollars per tonne.
Prof. Boadi said the real issue now is how government plans to close this gap to ensure farmers are paid fairly.
He suggested that government could explore options such as using reserves, borrowing, delaying payments, or negotiating new payment arrangements with farmers to manage the situation.
“At the end of the day, the farmer is the one suffering. Whether it is the past government or the current government, the farmer’s problem remains the same,” he said.
He stressed that the focus should be on finding solutions to prevent further hardship for cocoa farmers rather than trading accusations.
The comments come amid growing concerns over cocoa arrears and rising pressure on government to act swiftly to stabilise the cocoa sector.
By: Jacob Aggrey
The Police have arrested two suspects, including the alleged gang leader, in connection with the robbery attack on the Berekum Chelsea football team that resulted in the death of one of the players.
According to a Police update, the arrests were made after intelligence-led operations by security personnel.
One of the suspects sustained gunshot wounds during an exchange of fire with the police.
He has since been taken to a hospital where he is receiving medical treatment, while the other suspect remains in police custody assisting with investigations.
The Police indicated that efforts are ongoing to apprehend other members of the gang linked to the attack.
They assured the public that more details will be provided as investigations progress.
By: Jacob Aggrey
President John Dramani Mahama has arrived in Brazzaville to attend the investiture ceremony of Denis Sassou N’Guesso.
The ceremony follows the re-election of President Sassou N’Guesso for another five year term as leader of the Republic of the Congo.
President Mahama travelled to Brazzaville shortly after launching his Free Primary Healthcare Programme in Dodowa.
He is expected to return to Accra after the ceremony scheduled for Thursday morning.
By: Jacob Aggrey
