Member of Parliament for Ofoase/Ayirebi and Ranking Member on Parliament’s Economy Committee, Kojo Oppong Nkrumah, has accused the government of deceiving cocoa farmers with its recent announcement of a new producer price.

Speaking on Citi FM’s Eyewitness News on August 4, 2025, Oppong Nkrumah questioned the real benefit of the announced increase, arguing that the actual increment to farmers is minimal.

According to him, when converted into Ghana cedis, the rise amounts to just GH¢28 per bag, moving from GH¢3,100 to GH¢3,228.

Government recently announced a 62.58% increase in the dollar value of cocoa, raising it from $3,100 to $5,040 per tonne for the 2025/2026 season.

The pricing, approved by the Producer Price Review Committee (PPRC) chaired by Finance Minister Dr Cassiel Ato Forson, takes effect Thursday, August 7.

However, Oppong Nkrumah insisted that farmers are more concerned with the price per bag than global trade metrics.

“The cocoa farmer is not interested in the FOB price they came to quote. The farmer is only interested in the price of a bag of cocoa,” he said.

He further accused the ruling NDC government of breaking its own promises made while in opposition, reminding Ghanaians that the same party had once pledged to pay GH¢6,000 per tonne.

“If they had actually pegged the price at GH¢6,000 as promised, then today they would be announcing a reduction from GH¢6,000 to GH¢3,228. Does anybody believe this? That is hogwash,” he stated.

He described the situation as a scam, accusing authorities of manipulating figures to create a false sense of progress, while farmers see no meaningful improvement on the ground.

DR/MA

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