The Minister for Meals and Agriculture, Eric Opoku, has introduced that the federal government will provide cocoa farmers 70% of the world market worth for his or her produce, exceeding the initially proposed 60%.
This resolution is geared toward motivating farmers, growing manufacturing, and strengthening Ghana’s place because the world’s second-largest producer of cocoa.
The announcement follows the Minister’s earlier remarks in Parliament, the place he emphasised the necessity to incentivise cocoa farmers to reinforce manufacturing and assist the nation’s financial system.
In a Fb publish on Saturday, Mr Opoku reiterated the federal government’s dedication to revitalising the sector, significantly in response to declining cocoa processing output.
“Since 2023, CPC’s manufacturing has been on a downward pattern. Regardless of having a processing capability of 64,500 tonnes, the corporate produced solely 6,614 tonnes in 2023 and a couple of,886 tonnes in 2024. This decline is basically attributable to decreased cocoa bean manufacturing, which has affected provide to the processing firm,” he said.
“To deal with this problem, I introduced the federal government’s resolution to exceed the preliminary 60% proposal and provide cocoa farmers 70% of the world market worth. This improve is meant to encourage farmers, enhance manufacturing, and additional cement Ghana’s standing because the world’s second-largest producer of cocoa.”
Regardless of being a number one international producer, Ghana primarily exports uncooked cocoa beans attributable to restricted native processing capability, a scenario that has sparked considerations over misplaced income.
The Minister assured stakeholders that the federal government is taking steps to reinforce the worth chain and maximise earnings from cocoa manufacturing.
This newest initiative is predicted to supply much-needed aid to farmers and contribute to sustainable progress in Ghana’s cocoa trade.
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