Reducing Cocoa Producer Price Difficult but Necessary – Mahama

President John Dramani Mahama has described the government’s decision to reduce the cocoa producer price as a difficult but necessary measure to protect Ghana’s economic stability.

The government recently announced a downward review of the cocoa producer price to GH¢41,392 per tonne, equivalent to GH¢2,587 per bag, for the remainder of the 2025/2026 crop season.

Delivering his 2026 State of the Nation Address in Parliament, President Mahama explained that the move was intended to address acute liquidity challenges within the cocoa sector.

He stated that maintaining the previous producer price would have forced the government to borrow billions of cedis, potentially plunging the country back into economic distress after recent recovery efforts.

“The difference between economic hardship and avoiding the same is the exercise of sound economic judgement. I am determined to take decisions that ensure our collective wellbeing and avoid the sufferings of all our citizens. These are decisions to take but Mr. Speaker, I had to take them,” he said.

The President assured cocoa farmers that ongoing sector reforms would lead to a comprehensive transformation of the industry, ultimately guaranteeing fair and competitive prices in the long term.

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President John Dramani Mahama says reducing the cocoa producer price to GH¢41,392 per tonne was difficult but necessary to address liquidity challenges.