Technical Advisor to the Minister for Finance, Fredrick Amissah, has lauded President John Dramani Mahama for honouring his commitment to cocoa farmers by ensuring they receive 70 per cent of the Free on Board (FOB) price of cocoa.

He said the government’s decision to increase the farm-gate price from USD $3,100 to USD $5,040 per metric tonne demonstrates the administration’s determination to prioritise farmers’ welfare.

Speaking on JoyNews’ Newsfile programme on Saturday, August 23, Mr Amissah explained that the increase reflects both global market realities and government’s promise to give cocoa farmers their fair share.

“This is a clear indication that President Mahama has delivered on his word to our cocoa farmers. Moving from $3,100 to $5,040 per metric tonne means farmers are now getting 70% of the FOB price, which is unprecedented,” he noted.

Mr Amissah stressed that the decision would significantly improve livelihoods in cocoa-growing communities and restore confidence in the sector.

“This increase is not just about figures; it is about dignity and fairness. For years, farmers have called for a better deal, and today government has responded in a way that meets global benchmarks,” he added.

He further emphasised that the new pricing policy underscores government’s broader agenda of inclusive economic growth.

“By giving farmers what is rightfully theirs, we are investing in the future of the cocoa industry and ensuring that Ghana maintains its position as a global leader in cocoa production,” Mr Amissah said.