The Minority in Parliament has strongly criticised the government over what it describes as a deepening crisis in Ghana’s cocoa sector, accusing the administration of policy missteps and poor financial management that have resulted in a sharp reduction in producer prices.
Addressing journalists at a press briefing, Member of Parliament Kojo Oppong Nkrumah said the government’s decision to convene an emergency Cabinet meeting on cocoa farmer payments points to what he called “a real crisis in government.” He argued that the Ghana Cocoa Board (COCOBOD) is struggling financially and may be unable to meet its obligations to farmers.
28.6% Price Cut Sparks Outrage
The Minority’s comments follow a 28.6 percent reduction in the cocoa producer price — a decision the Caucus has described as a “haircut” affecting close to one million cocoa farmers and their dependents nationwide.
According to the group, the price cut could have widespread consequences for rural livelihoods, potentially impacting transportation costs, electricity payments, school fees, and farmers’ ability to reinvest in their farms. They warned that sustained reductions could discourage cocoa production and threaten the long-term sustainability of the sector.
Policy Decisions Under Fire
The Minority also questioned recent adjustments to COCOBOD’s trading strategy, alleging that the government shifted from a 30 percent spot sales arrangement to a 70 percent spot sales model — a change they claim has increased exposure to market volatility.
Additionally, they accused the government of injecting foreign exchange into the market in a way that has strengthened the cedi beyond sustainable levels, which they argue undermines cocoa export competitiveness.
“The government cannot be trusted to manage this sector,” Oppong Nkrumah said, urging authorities to reconsider their approach.
Calls for Dismissal of COCOBOD CEO
The Caucus has further called for the immediate removal of COCOBOD Chief Executive Officer Randy Abbey, citing what they described as “gross incompetence” and policy missteps.
Among their key demands, the Minority is urging government to:
- Absorb financial losses linked to the price reduction
- Restore the previous GH¢3,625 per bag producer price
- Shield cocoa farmers from the effects of what they call policy failures
Oppong Nkrumah also warned that cocoa farmers could resort to protests if their concerns are not addressed, adding that the Minority would support any lawful demonstrations.
Growing Pressure on Government
The latest criticism adds to mounting political pressure on the administration as farmer groups, industry stakeholders, and opposition figures continue to voice concerns over the future of the cocoa industry.
With cocoa remaining a major pillar of Ghana’s economy, analysts say prolonged uncertainty in the sector could have far-reaching economic and social implications if swift corrective measures are not introduced.
