Minority Leader Demands Restoration of Cocoa Price, Cites Legal and Contractual Obligations The Minority Leader of Parliament, Osahen Alexander Afenyo-Markin, has demanded th

Minority Leader Demands Restoration of Cocoa Price, Cites Legal and Contractual Obligations The Minority Leader of Parliament, Osahen Alexander Afenyo-Markin, has demanded that the government immediately restore the producer price of cocoa, citing legal and contractual obligations. Speaking in Parliament, Mr Afenyo-Markin emphasized that the cocoa sector calendar runs from October 1 to September 30, and the government cannot vary the minimum guaranteed price to the disadvantage of cocoa farmers or other stakeholders. "The minimum guaranteed price is legally destined to run the full cost of the 2025-2026 crop season," Afenyo-Markin stated. He explained that the Producer Price Review Committee determines the producer price and FOB share for stakeholders, based on the achieved weighted average of aggregated volumes and prices of cocoa already traded and contracted. Afenyo-Markin noted that the Finance Minister had announced an FOB price of $7,200 per ton in October 2025, with a prod

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Published on 02/17/2026 23:19

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Minority Leader Demands Restoration of Cocoa Price, Cites Legal and Contractual Obligations

The Minority Leader of Parliament, Osahen Alexander Afenyo-Markin, has demanded that the government immediately restore the producer price of cocoa, citing legal and contractual obligations.

Speaking in Parliament, Mr Afenyo-Markin emphasized that the cocoa sector calendar runs from October 1 to September 30, and the government cannot vary the minimum guaranteed price to the disadvantage of cocoa farmers or other stakeholders.

"The minimum guaranteed price is legally destined to run the full cost of the 2025-2026 crop season," Afenyo-Markin stated. He explained that the Producer Price Review Committee determines the producer price and FOB share for stakeholders, based on the achieved weighted average of aggregated volumes and prices of cocoa already traded and contracted.

Afenyo-Markin noted that the Finance Minister had announced an FOB price of $7,200 per ton in October 2025, with a producer price of $5,040 per ton, translating to GH¢3,625 per 64kg bag. He argued that this price was based on factual, achieved weighted average prices, and not speculation.

"The government and Cocobod must go ahead and pay the prevailing price of GH¢3,625 per bag to the end of the 2025-2026 crop year," Afenyo-Markin demanded. He emphasized that once a producer price is determined and announced, it is legally and contractually binding, and the government cannot vary it to the disadvantage of farmers.

The Minority Leader's statement highlights the ongoing debate over cocoa pricing in Ghana, with farmers and opposition politicians pushing for better prices and government support. The issue remains a contentious topic in Ghana's agricultural sector.

Osahen Alexander Afenyo-Markin, demanded that the government immediately restore the producer price of cocoa to GH¢3,625 per 64kg bag.

The Minority is also calling for the government and Cocobod to pay any differences owed to farmers and Licensed Buying Companies (LBCs) affected by the recent price cut announcement

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