• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Agribusiness

Discontent grows as Farmers Association calls for halt in cocoa production over inadequate farm-gate price

1 year ago
in Agribusiness, Economy, Features, highlights, Home, home-news, latest News, Trade
1 min read
0 0
0
1
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Discontent grows as Farmers Association calls for halt in cocoa production over inadequate farm-gate price

Nana Oboadie Bonsu Boateng, President of the Concerned Farmers Association, has called on cocoa farmers to halt cocoa cultivation in response to ongoing disputes over the government’s management of cocoa farm-gate prices.

In a bold statement reflecting growing discontent, Mr. Boateng announced, “We are abandoning cocoa farming altogether! Our intention is to uproot all cocoa trees and pivot to rubber and maize cultivation.”

He accused the Cocoa Board (COCOBOD) of misleading farmers with substandard farm-gate cocoa prices, which has led many farmers in the Western North Region to transition to alternative crops such as maize and rubber.

Mr. Boateng further criticized COCOBOD’s apparent neglect of farmers’ welfare, highlighting the lack of dedicated healthcare facilities and the cancellation of cocoa road contracts aimed at improving infrastructure in cocoa-producing regions.

Questioning the equitable distribution of profits from cocoa sales on the global market, he underscored the glaring disparity between international selling prices and the paltry payments received by farmers.

He further lambasted government-aligned proponents within the cocoa farming community and cautioned that continued underpayment by COCOBOD could exacerbate smuggling activities.

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

Concluding his remarks, Mr. Boateng asserted that the prevailing farm-gate cocoa price falls far short of acceptable levels.

He advocated for farmers to bypass COCOBOD and directly engage with foreign partners to maximize profitability, emphasizing the incongruity of COCOBOD selling at GHS 8,000 while disbursing a mere GHS 2,000 to farmers.

Minority describes 58% increase in farm-gate price as a ‘rip-off’

According to the Minority Caucus in Parliament, the Government has short-changed cocoa farmers with the 58% increment in farm-gate prices for cocoa beans.

The Minority argues that, the 58% increment constitutes a paltry 25.47% of the world market price of cocoa.

“It is sad to note that the newly announced producer price of GH¢33,120 per tonne, which translates into GH¢2,070 per bag, constitutes a paltry 25.47% of the world market price of cocoa”.

“We wish to reiterate that this is a rip-off of our hard-working cocoa farmers, as it constitutes the lowest percentage of the international market price of cocoa ever given to Ghanaian cocoa farmers as a farm-gate price in the history of this country.”

“The farm-gate price increment contradicts an earlier pledge by President Akufo-Addo to give Ghanaian cocoa farmers a farm-gate price constituting a minimum of 70% of the international market price,” the Minority Caucus stated.

The Minority Caucus is of the view that cocoa farmers should be earning GH¢8,125 per bag of cocoa or GHS 130,000 per ton of cocoa given the new price surge on the international market.

Tags: Discontent grows as Farmers Association calls for halt in cocoa production over inadequate farm-gate pricehalt in cocoa productioninadequate farm-gate price
No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

August 2, 2025

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes Parliament has adjourned...

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.