President John Dramani Mahama has pledged to transform Ghana’s cocoa sector to ensure greater and more sustainable benefits for farmers, following concerns over a recent reduction in producer prices.
Speaking during the 2026 State of the Nation Address in Parliament on Friday, February 27, President Mahama described the price adjustment as a difficult but necessary step to safeguard the long-term stability of the industry. He explained that maintaining higher prices through heavy borrowing would have placed additional strain on the economy and undermined fiscal stability.
The President outlined plans to implement structural reforms aimed at improving productivity, promoting value addition, and ensuring fair and stable returns for cocoa farmers. He stressed that the goal is to build a resilient cocoa sector capable of delivering consistent income growth without exposing the country to unsustainable debt.
President Mahama reaffirmed his administration’s commitment to supporting cocoa farmers and strengthening the sector to ensure long-term prosperity for farming communities.