Citing the spike in global market prices, the Parliament’s Minority Caucus has demanded that the government raise the producer price of cocoa to at least GH¢7,400 a bag right away.
They said that the price of cocoa on the global market had surpassed $11,000 per ton, and the government had promised to give farmers 70% of the price.
However, Mr. Isaac Yaw Opoku, the NPP MP for Offinso South, claimed that the existing producer price was insufficient and called for a prompt review during a news conference held in Parliament House on Wednesday, February 19.
“We, therefore, demand that a new producer price of not less than GH¢7,400 per bag be given to farmers immediately,” he stated.
The Caucus also expressed disappointment with the government’s failure of not allegedly fulfilling its campaign promise to pay cocoa farmers 70 per cent of the world market price.
“… Anxiety of farmers has already built up in the past 44 days of the NDC in office, and nothing must be done to let these fretful moments get out of proportion,” the MP added.
The Minority Caucus also referenced the Minister for Food and Agriculture, Mr Eric Opoku’s announcement that the government will offer cocoa farmers 70 per cent of the world market price for their produce, exceeding the initially proposed 60 per cent.
“… This is not the first time that the sector Minister has made same promise; it was and has been his campaign message,” he noted.
The Caucus emphasized that the government’s failure to increase the producer price would undermine the livelihoods of cocoa farmers and contradict President John Dramani Mahama’s commitment to ensuring Ghanaian cocoa farmers received fair compensation.
