The Ghana National Cocoa Farmers Association (GNACOFA), representing over 700,000 cocoa producers nationwide, has rejected the government’s newly announced producer price for the 2025/2026 cocoa season, calling it inadequate. Instead, GNACOFA is urging a 70% increase as an initial adjustment to better reflect farmers’ welfare needs and incentivise higher production.
The association is pressing for a more resilient pricing framework that factors in potential currency exchange rate volatility. GNACOFA proposes the introduction of a built-in clause to automatically adjust producer prices in response to significant shifts in the cedi’s value, ensuring stability and protecting farmers from eroding incomes.
In addition, the group is calling for greater inclusion of farmer representatives in cocoa sector policy decisions. They argue that adopting these measures would safeguard livelihoods, foster fairness, and avert what they warn could become a humanitarian crisis.
GNACOFA has directed its appeal to both the Ministry of Finance and the Ghana Cocoa Board, urging swift action.
Story: Salassie Domfe
