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Mahama pledges 70% global market price to cocoa farmers

Samuel Sackey by Samuel Sackey
July 17, 2025
in Top Story, Business, News
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As part of his post-election appreciation tour in the Western Region, President John Dramani Mahama reiterated a bold pledge to the nation’s cocoa farmers, promising a substantial reform in the pricing model for Ghana’s most iconic cash crop.

Addressing an enthusiastic crowd in Juaboso, the President declared his administration’s commitment to ensuring farmers receive 70% of the world market price for their cocoa yields.

“So let me be clear today, we will ensure our commitment to pay our farmers 70% of the world market price of cocoa,” he said in a quote posted on his official Facebook page.

The cocoa pricing reform, he emphasized, is not merely a policy shift but a moral imperative to honour the labor of rural producers who underpin Ghana’s agricultural economy.

“The sweat of our cocoa farmers deserves dignity and a fair reward,” Mr. Mahama affirmed.

His statement forms part of the broader #ResettingGhana# agenda, an initiative Mr. Mahama says is centered on restoring equity, productivity, and prosperity across critical sectors of the economy.

As part of the commitment, he added that more roads, seedlings, and youth opportunities are also on the way to the people’s benefit.

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During his thank-you tour, Mahama engaged with community leaders, traditional rulers, and farmer cooperatives, discussing infrastructural development, agricultural financing, and global trade dynamics impacting cocoa pricing.

Tags: 70% market priceCocoa farmersJohn Mahama
Samuel Sackey

Samuel Sackey

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