The president of the Republic of Ghana, His Excellency Nana Addo Danquah Akuffo-Addo has said that cocoa farmers are to be paid 400 dollars per metric ton at the 2020/2021 season at the State of the Nations Address (SONA 2021) at the Parliament House, Accra.
According to His Excellency, Ghana and Cote d’Ivoire have succeeded in aligning the cocoa production and marketing policies of the two countries and ensured that the two countries do not continue to be victims or pawns of a global cocoa industry that is dependent on the toil and effort of the farmers.
“A new trading mechanism has been implemented, and has ensured that a new cost item of four hundred United States dollars (US$400.00) per ton, for every cocoa sold by the two nations, effective from the 2020/2021 season, is paid to our farmers”, Mr. President iterated.
Despite the countries contributing to the global market, cocoa farmers still live under the poverty line.
This new price tag would assist in alleviating the fractional burden of the cocoa farmers.