Browsing: Ghana cocoa sector crisis

Ghana’s government will absorb $150 million in losses after cutting cocoa farmgate prices by 28%, directing COCOBOD to immediately pay farmers for 50,000 metric tonnes already supplied, raising fiscal and sector reform concerns.

Ghana’s cocoa sector crisis deepens as Dr Mohammed Amin Adam accuses the NDC government of mismanaging COCOBOD reforms, reducing producer prices, and ignoring IMF-backed restructuring plans, raising concerns over farmer welfare and export competitiveness.