The Rating Member of Parliament’s Standing Committee on the Financial system, Kojo Oppong Nkrumah, has mentioned that the numerous improve in Ghana’s cocoa earnings is basically as a result of work of the earlier administration.
In an interview with the Asaase Breakfast Present through Zoom, he revealed that after the Economics Committee of Parliament met with the Financial institution of Ghana, it grew to become clear that each international cocoa costs and export volumes had seen a pointy rise between January and June this yr.
In line with him, Ghana earned $2.1 billion from cocoa exports within the first half of 2025, in comparison with $762 million throughout the identical interval in 2024.
He defined that the Financial institution of Ghana attributed the surge in income to a 97% improve out there value of cocoa, which moved from $2,694 to $5,313 per ton.
Mr. Oppong Nkrumah famous that the quantity of cocoa exports rose from 150,000 tons to 244,000 tons, a 62% improve inside the similar interval.
He emphasised that cocoa doesn’t develop in six months, including that it takes about three years to mature.
He due to this fact identified that the present improve in earnings was the results of cocoa planted below the earlier administration.
He added that the mixed impact of upper market costs and elevated manufacturing volumes had led to the soar in income.
By: Jacob Aggrey
