President John Dramani Mahama has characterized the government’s choice to lower the producer price of cocoa as a challenging yet essential measure to protect the nation’s economic stability.
Recently, the government declared a reduction in the cocoa producer price to GH¢41,392 per tonne, which is equivalent to GH¢2,587 per bag, for the remainder of the 2025/2026 crop season.
In his 2026 State of the Nation Address (SONA) delivered in Parliament, President Mahama clarified that this action was intended to tackle severe liquidity issues within the cocoa industry.
He stated that maintaining the previous price would have necessitated the government borrowing billions, which could have potentially led the country back into the economic troubles it has only recently overcome.
He stressed that the decision, while difficult, was made based on sound economic reasoning and the greater national interest.
“The distinction between economic hardship and its avoidance lies in the application of sound economic judgement. I am committed to making decisions that ensure our collective welfare and prevent the suffering of all our citizens. These are challenging decisions to make, but Mr. Speaker, I had to make them,” he remarked.
The President also reassured cocoa farmers that the ongoing reforms in the sector would result in a complete transformation, ultimately ensuring them fair and competitive prices in the long run.
