President John Dramani Mahama, has assured cocoa farmers that the announced reforms in the cocoa sector will bring about a total transformation.
Delivering the State Of the Nation Address (SONA) in Parliament, on Friday, February 27, 2026, he emphasized that the reforms will guarantee fair and transparent pricing, enabling farmers to meet the costs of production while also allowing for decent profit margins.
He highlighted that these reforms, while painful, are necessary to adjust the producer price of cocoa. This adjustment aims to achieve competitive pricing and resolve the acute liquidity challenges currently facing the sector.
“The last week we have had to take the painful but necessary decision to revise the producer price of cocoa to achieve competitive pricing and resolve the acute liquidity challenges in the sector,” he stated.
The President noted that failing to implement these changes would have resulted in the need to borrow billions of dollars, putting Ghana back into the severe economic problems the country is just beginning to escape, similar to those experienced under the previous administration.
“Failure to do this would have meant borrowing billions in borrowed funds, this unplanned expenditure would have taken us right back to the very devastating economic problem we are only recently begun to escape,” he stated.
Mahama expressed his understanding of the farmers’ concerns and reiterated his commitment to making decisions that ensure the collective wellbeing of all citizens and prevent unnecessary suffering.
Source: Vanessa Elizabeth Nkum
