The Majority Caucus in Parliament has defended the recent reduction in cocoa producer prices, arguing that the decision is necessary to stabilise the struggling cocoa sector.
Speaking at a press briefing, Isaac Adongo, Chairman of Parliament’s Finance Committee and a leading voice within the Majority, stated that the Ghana Cocoa Board (COCOBOD) requires approximately GH¢30 billion in working capital to remain operational.
According to him, the sector is heavily burdened by debt inherited from the previous administration, making emergency bailouts unsustainable.
“The financial reality of COCOBOD cannot support unrealistic pricing. Structural reforms and fiscal discipline are needed,” he stressed.
The Majority also rejected calls for an immediate bailout for farmers, insisting that long-term reforms, debt restructuring, and cost-cutting measures are the only sustainable path forward.
However, the justification has sparked strong reactions from cocoa farmers, especially in the Western North Region, where protests have erupted over the sharp drop in producer prices.
The debate over cocoa pricing and sector reforms continues, as stakeholders call for solutions that protect both farmers’ livelihoods and the national economy.

Icadtv news
Editor Mavis Addo