News
Producer price of cocoa jumps from $3,100 to $5,040 per tonne – Finance Minister

The Government has announced a significant increase in the producer price of cocoa ahead of the 2025/2026 crop season, which opens on Thursday, August 7, 2025.
According to the Minister for Finance, Mr. Cassiel Ato Forson, the new price has been reviewed upwards from US$3,100 per tonne to US$5,040 per tonne.
He stated that it represents a 62.58% increase in dollar terms and aligns with President John Dramani Mahama’s commitment to pay cocoa farmers 70% of the gross Free-On-Board (FOB) value of cocoa.
Mr. Forson, who chairs the Producer Price Review Committee (PPRC), said the decision followed a committee meeting to review pricing for the upcoming season.
He explained that the $5,040 per tonne figure represents exactly 70% of the gross FOB value of US$7,200 per tonne, an improvement over the previous government’s 63.9% payment to farmers under the 2024/25 season.
He noted that the FOB value was calculated using about 100,000 tonnes of cocoa sold at US$2,600 per tonne in the 2023/2024 crop year, coupled with price forecasts for the 2025/2026 season.
He added that at an average exchange rate of GHS10.25 to the US dollar, the increase also affects the Ghana cedi equivalent of cocoa prices.
Mr Forson indicated that farmers will now receive GHS51,660 per tonne, up from GHS49,600. This translates to GHS3,228.75 per bag of 64-kilogram gross weight.
The new pricing regime takes effect from Thursday, August 7, 2025.
By: Jacob. Aggrey
News
Isaac Adongo defends BOG Governor, says Ghana “in safe hands”

The Ranking Member on Parliament’s Finance Committee and the member of parliament for Bolgatanga Central constituency, Isaac Adongo, has defended the Governor of the Bank of Ghana, Dr. Johnson Asiama, describing him as the right person to manage the country’s central bank.
According to Mr. Adongo, Ghana would have faced a difficult situation if the National Democratic Congress (NDC) had not won the 2024 elections and Dr. Asiama had not been appointed governor.
Speaking in an interview with Edem Mensah-Tsotorme, Online Editor for ghanaiantimes.com.gh, Mr.Adongo said the opposition New Patriotic Party (NPP), including Kojo Oppong Nkrumah, only wanted to remain relevant within their party.
“Well, the NPP and Kojo Oppong Nkrumah have a job to do. They want to remain relevant in their party. I don’t begrudge them,” he said.
Mr. Adongo praised President John Dramani Mahama for appointing Dr. Asiama as Governor of the Central Bank after returning to power.
He explained that the President carefully assessed the country’s economic challenges while in opposition and chose Dr. Asiama as the best person for the role.
According to him, the governor has so far shown strong leadership at the central bank.
“I’m not saying this because I work closely with him, but sitting on the board with him, his leadership is on par,” he stated.
The lawmaker further noted that the governor understands the concerns of Ghanaians, especially regarding the rising cost of living and economic pressures.
He said government had already done the “heavy lifting” in stabilizing the economy and would now reassess some of its policies to reduce pressure on public finances.
Mr. Adongo expressed optimism that the country would not witness the same level of government expenditure from 2026 onwards.
“We’ll go back to the drawing board and consider the fiscal implications of some of the actions we have taken. I believe that from 2026, we will not see the same magnitude of expenditures,” he added.
By: Jacob Aggrey
News
Tourism Ministry distances itself from Karnival Kingdom Festival

The Ministry of Tourism, Culture and Creative Arts has clarified that it did not approve or endorse the recent Karnival Kingdom Festival held in Accra.
In a statement issued on May 7, 2026, the ministry said it did not receive any proposal, request for approval or official communication concerning the organisation of the event.
According to the ministry, it was also unaware of the processes through which the festival was allegedly approved to take place in Ghana.
“The Ministry wishes to state unequivocally that it neither endorsed, sanctioned nor authorised the staging of the event,” the statement said.
The clarification follows public criticism and discussions on social media over activities associated with the festival, including the circulation of what many described as culturally unacceptable content.
The ministry acknowledged concerns raised by sections of the public and various stakeholders regarding the conduct and nature of the event.
It explained that as the supervisory institution for the tourism, culture and creative arts sector, it expects all organisers of public festivals and entertainment events to follow established regulatory procedures and engage the relevant state institutions before holding such activities.
The ministry therefore urged organisers of tourism, cultural, entertainment and recreational events to obtain the necessary approvals before staging programmes in the country.
According to the statement, the ministry remains committed to promoting tourism and cultural activities that respect Ghana’s laws, values and cultural identity.
It added that the country’s reputation as a safe and culturally respectful destination must be protected at all times.
By: Jacob Aggrey








