By: Franklin ASARE-DONKOH
The Ghana Chapter of the Cocoa Farmers Alliance of Africa (CFAA) has dismissed suggestions in some quarters, particularly from the New Patriotic Party’s Minority caucus in Ghana’s Parliament, that the government should seek a bailout from the International Monetary Fund (IMF) over the challenges.
This follows a Cabinet decision on Thursday, February 12, 2026, to reduce the price of each 64kg of cocoa from GH¢3,625 to GH¢2,587, amid several measures announced by the Minister of Finance, Dr. Cassiel Ato Baah Forson.
The Finance Minister’s announcement was followed by a press conference by the Minority in Parliament, where they criticized the reduction in the amount to be paid to farmers.
In an apparent reaction to the Press Conference, the Ghana Chapter of the Cocoa Farmers Alliance of Africa released a statement signed by Mr. Mark Ewusi Arkoh. The Farmers commended the government and the Ministry of Finance for exploring local measures in solving the age-old challenges plaguing the cocoa sector.
“We take note of calls by the Minority in Parliament for the government to seek IMF intervention. We, the Cocoa Farmers Alliance of Africa, Ghana Chapter, categorically state that such calls are unacceptable and must be totally ignored.”
Portions of the statement emphasized that, Ghana must find home-grown solutions to its economic challenges, and not always rely on external crutches adding that;
“We appreciate the government’s effort in managing the economy, which has supported the Ghanaian Cedi and contributed to reducing inflation to single digit.”
As cocoa farmers, we recognise our duty to ensure our prices reflect global competition, contributing to the long-term sustainability of the industry,” portions of the release stated.
