Cocoa farmers have lamented about the government’s 21 per cent increase in the producer price for cocoa

They said this is not enough.

According to them, an increase to ¢1,500 would have been appreciated.

The President of the Concerned Farmers Association, Nana Oboadie Boateng Bonsu revealed.

He said his members are unhappy with the new rates and demand a further price adjustment.

“The government has put in some effort, but this is not enough for us. We were expecting about ¢1,500 so that we could at least have about ¢250 for welfare and ¢1250 in the pocket of the farmer.”

“How can the cocoa farmers decide on a price and then government sit elsewhere and quotes its price without consulting us? There was no dialogue whatsoever.

Our farmers are threatening to smuggle their produce to neighbouring countries if there is no further increment in the price.”

The government has increased the producer price for cocoa beans by 21% to ¢800 for the 2022/23 cocoa crop season.

This is lower compared to the Ivory Coast which pegged its price at about, ¢858 for the same season.

Prior to the announcement, a bag of cocoa was selling for ¢660 a bag in Ghana.

The new pricing regime will take effect tomorrow [Friday, October 7].

However, following the announcement, some persons including the Ranking Member of Parliament’s Finance Committee have taken on the government.

According to him, the increment is not reflective of the hardships faced by the farmers.

Also, the People’s National Convention (PNC) has said it is unimpressed about the increment.

The party said the new farm gate price for the commodity is disrespectful to farmers.

“It is a very insulting and disrespectful gesture for cocoa farmers to sell their cocoa beans at, ¢800 per cocoa sack,” the party said in a statement issued on Thursday.