In a recent announcement at the National Farmers’ Day awards in Accra, President Akufo-Addo revealed a modest increase in the cocoa producer price for the upcoming 2024/2025 crop season. The price has been raised from GHC3,000 to GHC3,100 per 64kg bag, reflecting a 0.03% adjustment to align with market trends.
President Akufo-Addo emphasized that this adjustment is part of the government's commitment to enhancing farmers’ incomes amidst challenging conditions. Additionally, the government has introduced a new initiative to provide free tertiary education for the children of cocoa farmers, recognizing the pivotal role played by cocoa farmers in Ghana’s economy.
Dr. Mahamudu Bawumia, the vice-president and presidential candidate of the New Patriotic Party (NPP), highlighted the significance of empowering cocoa farming families through educational opportunities, which can lead to economic mobility and stability. Under this initiative, COCOBOD will roll out a new scholarship scheme for cocoa farmers’ children in tertiary institutions, covering tuition and associated costs to enable them to pursue their aspirations without financial constraints.
The recent Farmers’ Day event also recognized the outstanding contribution of farmers to Ghana’s economy, with Nana Owusu Achiaw Brempong from Sekyere Central in the Ashanti Region being honored as the National Best Farmer. His commendable efforts in agricultural production, particularly in cocoa and cashew farming, were acknowledged, and he was awarded one million Ghana cedis as part of his accolade.
In his acceptance speech, Nana Owusu emphasized the importance of taking further action to ensure food security across the country. The event served as a platform to celebrate and commend farmers nationwide for their relentless dedication and invaluable contribution to Ghana’s agricultural sector.
As the government continues to implement measures aimed at supporting and uplifting the farming community, these initiatives are poised to make a meaningful impact on the lives of cocoa farmers and their families.
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