Mohammed Amin Adam, Member of Parliament (MP) for Karaga and former Finance Minister, has accused the government of mismanaging the cocoa sector, warning that the situation has resulted in what he described as a deepening crisis.

He argued that the government failed to implement a restructuring strategy developed by the previous New Patriotic Party (NPP) administration in collaboration with the International Monetary Fund (IMF), which he believes could have prevented the current challenges facing the industry.

Amin Adam also expressed surprise that the IMF has not intervened, claiming that Ghana’s cocoa has become more expensive on the international market, leading to declining demand.

He attributed the situation to what he described as the overvaluation of the cedi, cautioning that it undermines the country’s export competitiveness.

Rather than reducing the price paid to farmers, he called for a financial bailout for COCOBOD to help stabilise the sector.

He further dismissed claims that the economy is improving, arguing that a well-managed economy would not require cutting cocoa producer prices.

He joined his colleagues to urge the government to reverse the decision and adopt measures that protect the livelihoods of cocoa farmers across the country.

The government has announced a new producer price of remainder cocoa for the 2025/2026 crop season at ¢41,392 per tonne and ¢2,587 per bag.

This follows a crunch cabinet meeting on February 11, 2026, over concerns of Ghana’s cocoa farmers allegedly left shortchanged in terms of cocoa pricing and renumeration.

Speaking at an emergency press briefing on Thursday, February 12, 2026, the Minister of Finance, Dr Cassiel Ato Forson, noted that the new cocoa price was pegged to give some relief to farmers and COCOBOD.

The announcement is part of the government's efforts to ensure cocoa farmers receive fair and competitive compensation for their produce, amid ongoing reforms in the cocoa sector aimed at increasing value addition, stabilising the industry, and improving farmer incomes.

Dr Forson noted that the revised price reflects both global market conditions and the need to incentivise local farmers, ensuring that Ghana remains a leading cocoa-producing country.