Minority Calls for Sacking of COCOBOD CEO Over Cocoa Price Reduction
Minority led by Kojo Oppong Nkrumah urges President John Dramani Mahama to remove Randy Abbey as Ghana Cocoa Board CEO over controversial cocoa producer price reduction.
- The Minority in Parliament has demanded the dismissal of Randy Abbey, CEO of Ghana Cocoa Board,
- The recent 28.6% cut in the cocoa producer price is expected to negatively impact over one million cocoa farmers nationwide
- Ranking Member Kojo Oppong Nkrumah warned that the Minority will support farmers in protesting the reduction
The Minority in Parliament has called on President John Dramani Mahama to dismiss the Chief Executive Officer of the Ghana Cocoa Board, Randy Abbey, citing what they describe as a deepening crisis in the cocoa sector.
According to the Minority, the recent reduction in the cocoa producer price will severely affect farmers and their households across the country. They estimate the nearly 28.6 percent cut could negatively impact the livelihoods of more than one million cocoa farmers nationwide.
Speaking to journalists in Accra on Thursday, February 12, Ranking Member on Parliament’s Economy and Development Committee, Kojo Oppong Nkrumah, criticised the government’s decision and warned of its consequences.
“This places an unfair burden on our cocoa farmers, who are already struggling with rising costs. The Minority will not remain silent on this matter, and we are prepared to support farmers should they decide to protest against the reduction in the producer price,” he stated.
The call follows the government’s announcement of a new producer price of GH¢41,392 per tonne, or GH¢2,587 per bag, for the remainder of the 2025/2026 crop season, effective February 12. The revised rate marks a significant drop from the earlier price of GH¢51,660 per tonne set at the beginning of the season.
Earlier, Finance Minister Cassiel Ato Forson explained that the reduction was necessary due to shifts in global cocoa market conditions. He noted that the adjustment is intended to stabilise the sector, restore confidence, and ensure timely payments to farmers.
