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New cocoa price could lead farmers into smuggling across borders – Minority warns government
The Minority in Parliament has warned that the new cocoa producer price announced by government could push farmers to smuggle their cocoa across Ghana’s borders in search of better prices.
The Minority indicated that the GH¢3,228.75 per 64kg bag offered for the 2025/2026 cocoa season was too low and did not match the current market conditions.
They explained that the new price was only a 4.2% increase from the previous season’s GH¢3,100, describing it as unfair and a betrayal of the hard work of cocoa farmers.
In a statement signed by the Ranking Member on the Food, Agriculture and Cocoa Affairs Committee, Dr. Isaac Yaw Opoku, affirmed that cocoa farmers deserved better.
He noted that the low price could tempt many to smuggle cocoa into Côte d’Ivoire, where farmers were reportedly receiving the equivalent of GH¢3,635 per bag, GH¢407 more than in Ghana.
“This gap in price presents a strong reason for smuggling, especially in border areas like Western North, Western South, Brong Ahafo and Volta,” the minority stated.
They questioned why campaign promises made by leading government officials, including Finance Minister Dr. Cassiel Ato Forson and Agriculture Minister Dr. Eric Opoku, had not been fulfilled.
They recalled that both ministers promised cocoa farmers between GH¢6,000 and GH¢7,000 per bag if the NDC came to power.
They also pointed to the President’s earlier pledge to pay 70% of the world market price to farmers.
According to them, the current global price of $8,211.23 per tonne should translate to GH¢3,718 per bag, not GH¢3,228.75.
The group expressed worry about the announced price saying that it was “unacceptable”, describing it as “ridiculous, shameful and a stab in the back of farmers.”
They urged the government to immediately review the price and show more commitment to improving the welfare of cocoa farmers, warning that the industry could suffer if farmers turn away from cocoa or lease their farms to illegal miners.
“The government must come again. Cocoa farmers matter and they deserve better,” the minority reminded.
By: Jacob Aggrey
The Diaspora Affairs Office at the Office of the President has hosted a delegation of African diaspora women who are in Ghana ahead of a planned Presidential Conferment of Citizenship ceremony.
The Director of Diaspora Affairs, Kofi Okyere Darko, explained in a Facebook post that the visit was a gesture of appreciation by the delegation to the Government of Ghana for its continued efforts to reconnect Africans in the diaspora with their ancestral homeland.
He indicated that the ceremony, scheduled for next Monday, will officially grant Ghanaian citizenship to members of the delegation as part of the country’s broader engagement with the African diaspora.
The delegation was led by Erica Bennett, Founder of the Diaspora Africa Forum.
According to Mr Okyere Darko, her years of advocacy have played an important role in strengthening ties between Africa and people of African descent living abroad.
He noted that the group’s journey towards citizenship represents not only a legal process but also a cultural and spiritual return to their roots.
Also present at the meeting was Natalie Jackson, an attorney who is also expected to receive Ghanaian citizenship during the ceremony. She works closely with renowned civil rights lawyer Ben Crump.
Mr Okyere Darko emphasised that Ghana remains committed to strengthening relationships with the African diaspora and promoting unity, identity, and shared heritage among people of African descent worldwide.
By: Jacob Aggrey
Ghana has signed a debt restructuring agreement with the Kingdom of Belgium as part of efforts to restore the country’s economic stability after the financial crisis that hit the nation in 2022 and 2023.
The Minister of Finance, Cassiel Ato Forson, today disclosed that he signed the agreement on behalf of the Government of Ghana.
He explained that Ghana experienced a very difficult period during the crisis, which forced the government at the time to declare a debt default.
However, he indicated that the country is now recovering and witnessing a significant economic turnaround.
According to him, stronger systems are also being put in place to ensure that Ghana does not return to such a situation again.
Dr Forson noted that the agreement with Belgium is the eighth deal Ghana has concluded with countries under the Official Creditor Committee as part of its external debt restructuring programme.
He expressed appreciation to the Government of Belgium for its support and partnership with Ghana during the process.
The Finance Minister thanked Carole van Eyll, Ambassador of Belgium to Ghana, for her role in strengthening relations between the two countries.
The agreement forms part of Ghana’s broader effort to restructure its external debts and stabilise the economy following the crisis.
By: Jacob Aggrey
