The Minister for Food and Agriculture, Eric Opoku, has said that cocoa farmers are beneath the present pricing regime regardless of the hot aid within the manufacturer worth of cocoa.

Speaking in an interview on Ekosii Sen on Asempa FM, the Minister argued that the true guidance of farmers has advanced in comparison to the technology of the New Patriotic Party (NPP).

He defined that during 2024, when a bag of cocoa offered for GH₵3,100 and cement value GH₵120 in keeping with bag, a farmer may acquire about 26 baggage of cement with the proceeds from one bag of cocoa.

However, he stated that with the present cocoa worth of GH₵2,587 and a drop in cement costs to about GH₵80 in keeping with bag—in large part because of change fee balance—a farmer can now purchase roughly 32 baggage of cement with one bag of cocoa.

“If cocoa costs build up, we can all get advantages. In 2024, one bag of cement used to be priced at GH₵120, whilst cocoa used to be offered for GH₵3,100. During the NPP technology, a farmer may use one bag of cocoa to buy 26 baggage of cement. If the farmer’s actual guidance will increase, then the farmer is .

“Currently, the price of cocoa has decreased to GH₵2,587, but a farmer can purchase 32 bags of cement, primarily due to exchange rate improvements. As a result, the price of cement has dropped to GH₵80 per bag,” he stated.

Mr. Opoku additional famous that gas costs have additionally declined, expanding farmers’ buying energy. According to him, beneath the former organization, proceeds from one bag of cocoa may purchase about 34 gallons of petrol, however these days should purchase about 53 gallons.

“Thus, a rational cocoa farmer would weigh the comparison carefully. Even though prices have fallen, the farmer’s real income has appreciated, which is the most crucial factor. Additionally, fuel prices influence every aspect of production, including cocoa farming, as farmers depend on fuel for irrigation and transportation,” he said.

He wired that even though the nominal worth of cocoa has diminished, what issues maximum is the true guidance and buying energy of farmers, which he believes has considerably advanced.

“During the NPP technology, one bag of cocoa may purchase about 34 gallons of petrol. However, because of the aid in gas costs connected to switch fee balance, a farmer can now acquire about 53 gallons of petrol with one bag of cocoa.

“Comparatively, this case is healthier for farmers. We additionally direction to give a invoice to Parliament to supply for computerized worth changes that may get advantages the farmer,” he added.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by means of Readers and Contributors in this platform don’t essentially constitute the perspectives or coverage of Multimedia Group Limited.