Dr. Cassiel Ato Forson, the finance minister, has revealed through the 2025 budget presentation that cocoa production declined by nearly 50% over the past three years.
The situation he lamented poses a significant challenge to the country’s economy and export commitments.
In his presentation on Tuesday, March 11, 2025, he said in the 2023/2024 crop season, the Ghana Cocoa Board (COCOBOD) was unable to supply 330,000 tonnes of cocoa to fulfil its contractual obligations.
“This under-supply has been rolled over for subsequent supply by the new administration,” he stated, highlighting the impact of the shortfall on Ghana’s export agreements.
He underscored the urgent need for policy interventions to address the decline in cocoa production, stressing that the sector remains critical to Ghana’s economy.
“Cocoa production has dropped by nearly 50% over the past three years,” he told Parliament, adding that the government would implement measures to boost productivity and ensure stability in cocoa exports.
By: Rainbowradioonline.com/Ghana
