Deputy Agriculture Minister in Charge of Perennial Crops, Kennedy Osei Nyarko has hinted that government is set to increase the price of cocoa from October.
The government currently buys one bag of cocoa beans from farmers at ¢515 and is now set to increase it in a bid to boost exports.
The Deputy Minister, who is also MP for Akyem Swedru said since the cocoa sector is the backbone of Ghana’s economy, government has taken a bold decision that will protect the welfare of the 1.2 million cocoa farmers in Ghana.
Speaking at the NPP Akyem Swedru Constituency campaign team launch, Kennedy Osei Nyarko also announced that the government has earmarked an incentive package “for farmers who observe sound cultural practices to increase productivity.”
“By October we will announce a new price. Government is also saying that if you are a farmer and your cocoa trees are diseased or no longer bears fruits, then at the beginning of the new cocoa season, should Cocobod be allowed to cut them down, they will pay for every tree.
“The total amount will be divided into three and paid over a period of time.
“Also, government will replant all the trees that had to be cut down and will also plant other crops on the land for you for free.
“The farm will then be supervised by the government for the next three years after which it will be handed over to you,” the Deputy Minister explained.