Business News of Thursday, 7 August 2025

Source: Aboagye Frank, Contributor

GNAFF commends government over historic 60% increase in cocoa producer price

Michael Tetteh Kwetey, President of the Ghana National Association of Farmers and Fishermen (GNAFF) Michael Tetteh Kwetey, President of the Ghana National Association of Farmers and Fishermen (GNAFF)

The Ghana National Association of Farmers and Fishermen (GNAFF) has expressed its profound appreciation to the John Mahama-led government for increasing the producer price of cocoa for the 2025/2026 crop season by over 60 percent.

According to GNAFF, the recent increment is not merely a response to economic pressures but a bold statement of intent but a decisive and progressive move that reflects a clear and unwavering commitment by the government to uplift the welfare of Ghanaian farmers, considering their critical contribution to national development.

A statement signed by the President of the Ghana National Association of Farmers and Fishermen (GNAFF), Michael Tetteh Kwetey, hailed the government’s announcement as “a game-changer” for Ghanaian cocoa farmers, as it has the potential to transform the cocoa sector significantly and improve livelihoods.

“This increase will have a direct impact on household incomes, rural development, and food security. It reflects a deep understanding of the sacrifices our farmers make daily to sustain Ghana’s agricultural economy and global cocoa reputation,” the statement noted.

The statement further acknowledged that the newly announced price will significantly enhance the purchasing power of cocoa farmers across the country, many of whom have long struggled with low incomes and rising costs of living and serve as a powerful incentive that will help restore dignity to the farming profession.

“This new producer price will not only enhance the purchasing power of cocoa farmers but also motivate the next generation to embrace agriculture with renewed confidence”, the statement added.

The association has also strongly urged the government to build on the momentum created by the pricing reform by implementing a range of complementary measures, such as improving access to affordable inputs, mechanisation, road infrastructure, and extension services, to sustain the momentum this pricing reform has created.