At a press conference held in Parliament on Thursday, the minority spokesperson on Agriculture, Hon. Owusus Afriyie-Akoto said cocoa farmers have over the last three years seen their real income tumble to the ground on account of the sliding real producers prices, rising farm cost and a reduction in production, all due to the government’s failure to honour its promise of increasing price of cocoa by 70% of the FOB.
At today’s world prices and exchange rate, the price paid to producers should be increased from the current GHS 3,392 per metric tonne (GHS 212 per 64kg bag) to GHS 5,103 (GHS319 per bag), equivalent to a rise of 50.4%.
Meanwhile, the Deputy Minister for Food and Agriculture Dr. Ahmed Yakubu Alhassan has criticized the minority for singling out just cocoa production out of the many production and services in the agricultural sector.
Speaking to 233 Live News the deputy minister said the government has made some remarkable interventions worth appreciating by the minority.
Source: 233 Live News