New Cocoa Price Hike “Laughable” – Offinso South MP
The Member of Parliament for Offinso South, Hon. Isaac Yaw Opoku, has slammed the government’s recent announcement of a cocoa price increase, calling it “laughable” and a “huge insult” to cocoa farmers.
The government has raised the producer price of cocoa beans from GH¢49,600 per tonne to GH¢51,660 per tonne for the 2025/2026 cocoa year, representing a GH¢3,228.75 per bag of 20-kilogramme gross weight of cocoa.
According to Hon. Opoku, the government’s promise to pay farmers 70% of the Free-On-Board (FOB) value of $7,200 per tonne has not been fulfilled.
Speaking to Dr Cash on the Kumasi based OTEC 102.9 FM’s afternoon political show Dwabrem on Monday, the MP expressed disappointment in the NDC-led administration, stating that they “lied their way to power”.
The MP’s sentiments echo those of the Cocoa Farmers Cooperative Union, which has also rejected the new price, describing it as a betrayal of farmers’ expectations.
The union had expected at least GH¢3,800 per 64kg bag of cocoa, but the new price falls short of this expectation ¹.
Hon. Opoku has called on farmers to demand what is due to them and ensure they receive the right amount for their cocoa beans.
This development has sparked concerns about the government’s commitment to improving the livelihoods of cocoa farmers.
Source: Ghana/otecfmghana.com/Jacob Agyenim Boateng
