The founder and leader of the Movement for Change, Alan Kyerematen, has promised to drive economic growth for the country’s cocoa farmers by focusing on reform and greater financial independence.
He promised to end the syndicated loan scheme, which he argues has burdened the industry by creating dependence on external financing.
Speaking to a gathering of chiefs and local communities in the Ahafo Region, as part of his Caravan Campaign Tour, Alan condemned the current and previous administrations for what he describes as exploiting cocoa farmers of their rightful income.
“The NPP and the NDC have been lying about the increase of cocoa prices.”
He referenced the world market price of cocoa, indicating that the government is taking advantage of cocoa farmers in the country.
President Nana Akufo-Addo has however announce an increase in the cocoa producer price from GH₵3,000 to GH₵3,100 per 64kg bag, representing a slight rise of 0.03% from the previous rate set in September for the 2024/2025 crop season.
The adjustment, which translates to GH₵49,600 per tonne, is intended to align cocoa prices with current market conditions and provide additional support to Ghanaian cocoa farmers.
