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Kojo Oppong Nkrumah credits sharp rise in cocoa prices and production to previous administration
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The Ranking Member of Parliament’s Standing Committee on the Economy, Kojo Oppong Nkrumah, has said that the significant increase in Ghana’s cocoa earnings is largely due to the work of the previous administration.
In an interview with the Asaase Breakfast Show via Zoom, he revealed that after the Economics Committee of Parliament met with the Bank of Ghana, it became clear that both global cocoa prices and export volumes had seen a sharp rise between January and June this year.
According to him, Ghana earned $2.1 billion from cocoa exports in the first half of 2025, compared to $762 million during the same period in 2024.
He explained that the Bank of Ghana attributed the surge in revenue to a 97% increase in the market price of cocoa, which moved from $2,694 to $5,313 per ton.
Mr. Oppong Nkrumah noted that the volume of cocoa exports rose from 150,000 tons to 244,000 tons, a 62% increase within the same period.
He emphasized that cocoa does not grow in six months, adding that it takes about three years to mature.
He therefore pointed out that the current increase in earnings was the result of cocoa planted under the previous administration.
He added that the combined effect of higher market prices and increased production volumes had led to the jump in revenue.
By: Jacob Aggrey
The Office of the Special Prosecutor (OSP) has taken note of public allegations of extortion and related conduct made against the Minority Leader of Parliament, Alexander Afenyo-Markin.
The allegations were made by the Chief Executive of the Ghana Gold Board (GoldBod), Sammy Gyamfi.
In a brief statement, the OSP said it has also received a joint petition submitted by two persons, as well as two separate petitions from other persons, in relation to the same allegations.
“Given the nature of the allegations, the OSP will assess the case and determine whether it falls within its statutory mandate and whether further investigative action is warranted,” the statement said.
The development comes amid a heated public feud between the Minority in Parliament and the leadership of GoldBod over the operations of the Domestic Gold Purchase Programme.
The Minority, led by Afenyo-Markin, has accused GoldBod and the Bank of Ghana of causing a loss of over $1.7 billion, citing the International Monetary Fund’s August 2026 report. The Minority has vowed to pursue the matter as Parliament has reconvened for an emergency sitting.
GoldBod, on the other hand, has rejected claims by some NPP MPs, including Tano South MP Dr Gideon Boako, that it owes the Bank of Ghana GH¢1 billion in overdrafts, describing the claim as “false and malicious.”
In the latest twist, GoldBod CEO Sammy Gyamfi has accused the Minority Leader of extortion and related conduct, an allegation that has triggered petitions to the OSP.
The OSP is mandated under Act 959 to investigate and prosecute specific cases of alleged or suspected corruption and corruption-related offences involving public officers and politically exposed persons.
By Edem Mensah-Tsotorme
General Secretary of the New Patriotic Party (NPP), Justin Kodua Frimpong, has filed his nomination to contest the position of General Secretary again as the party begins its rebuilding efforts ahead of the 2028 general elections.
He was accompanied by party stalwarts and supporters who were in high spirits, expressing confidence that he is the right person to hold the position.
Speaking after filing his nomination, Mr Kodua Frimpong assured the rank and file of the party that he would not disappoint them.
“I can assure you that the faith the rank and file of the party have had in me, I will never disappoint them,” he said.
He also pledged to run a clean campaign devoid of personal attacks.
“I can assure you that our internal campaign will be devoid of personal attacks,” he told his fellow contestants and the rank and file of the party as he seeks to retain his position.
His tenure has seen the party through the 2024 general elections, where the NPP lost power to the National Democratic Congress (NDC) after eight years in government.
The party is currently in a rebuilding phase, with internal elections scheduled to elect new national executives to lead its reorganization towards the 2028 polls.
The General Secretary position is considered one of the most influential in the party’s administrative structure, responsible for the day-to-day running of the party secretariat and implementation of party decisions.
By Edem Mensah-Tsotorme
