28.2 C
Saturday, February 24, 2024
HomeBusinessNana Akufo-Addo has collapsed the cocoa sector

Nana Akufo-Addo has collapsed the cocoa sector


Related stories

YEA engages 99 Former Toll Boot operators plus 183 other PWDs for Regions and Districts

  The Chief Executive Officer of Youth Employment Agency, Mr....

Zoomlion and Graphic Communications launches campaign to name cleanest region in Ghana

  Waste Management Company, Zoomlion Ghana Limited and Graphic Communications...

National Association Of Institutional Suppliers Demands Outstanding Payment Of GH¢100 million

  The National Association Of Institutional Suppliers has called on...

Hawa Koomson is insensitive – Abigail Elorm

  The Deputy National Women Organizer of the National Democratic...

Mahama Hosts 2024 NDC Policy Dialogue In Eastern Region

  The Flagbearer of the NDC, H.E John Dramani Mahama,...


Aspiring National Democratic Congress (NDC) Presidential Candidate John Dramani Mahama says the country’s cocoa sector is on the verge of collapse because of the mismanagement of the sector by government.

Addressing party supporters and branch executives at the start of a two-day campaign tour of the Western North Region, Mr. Mahama said government’s failure to adjust the producer price of cocoa annually, delayed payment of farmers for cocoa beans have combined with other factors to destroy the sector.

“Under the previous NDC administration, we ensured that there was an upward adjustment in the producer price every year. But that is not the case with this government. Price adjustments are taking place after four years. This is what is collapsing the sector”, he stated.

Mr. Mahama says the sector must be supported, noting that some farmers no longer find farming cocoa lucrative.

He referred to a farmer who said he will give out his land for galamsey because the returns are far better than farming.

“He doesn’t mind selling his farm for galamsey because there’s no profit from the cocoa business today. Payment of farmers for their cocoa purchases is no longer instant and there do not get any bonus. Farmers must now wait for three to four months to receive payment”, he added.

The former president is visiting all nine constituencies in the region and is expected to continue to the Ashanti Region.

Latest stories


Please enter your comment!
Please enter your name here