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President Mahama promises “very, very good” Cocoa price this August

Kumasi Mail by Kumasi Mail
June 1, 2025
in News
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“There won’t be Dumsor” – President Mahama assures Ghanaians
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President John Dramani Mahama has announced that the government, through Cocobod, will announce a new producer price for cocoa in August of this year, promising that it will be a “very good price” to reward the hard work and dedication of farmers.

Speaking during a durbar of Chiefs and people as part of his Ahafo Regional Thank You Tour in Goaso, the President reaffirmed his commitment to revive what he described as a “collapsed” cocoa industry, with the goal of improving the livelihoods of farmers and strengthening the sector, which remains a vital pillar of Ghana’s economy.

The President said, “Plans are underway way to revamp the collapsed cocoa sector. Incentives will be provided to our hard-working farmers to increase cocoa production.”

He revealed plans to expand cocoa production by adding 200,000 hectares of new cocoa farms, aiming to boost farmers’ incomes and strengthen the sector overall.

“We aim to add 200,000 hectares of cocoa to Ghana’s output to increase the income of our farmers,” he added.

He also disclosed that the Chief Executive of the Ghana Cocoa Board (COCOBOD), Dr. Randy Abbey, has informed him that the new cocoa producer price will be announced in August and assured farmers it will be “a very, very, very good price.”

“And to cocoa farmers, the Cocoa Board’s chief executive has informed me that in August they will announce the new cocoa producer price” President Mahama emphasized.

“And I can assure you, the price is going to be a very, very, very good price. So those of you who don’t have cocoa farms, go and start looking for land and start planting cocoa,” President Mahama encouraged Ghanaians without cocoa farms to seek land and start planting cocoa, signaling a push to expand the farming base.

Source: www.kumasimail.com /Kwadwo Owusu

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