Some cocoa clerks and farmers in the Upper West Akyem Municipality of the Eastern Region say they are counting their losses following the government’s reduction of cocoa prices.
The clerks explained that due to delays in the release of funds from the government, they were compelled to borrow money from banks to procure cocoa beans. Having purchased some of the beans at the old prices, they say it will be difficult to absorb the difference and repay their loans under the new pricing regime.
Some of the clerks also revealed that tensions have risen in certain communities, with farmers insisting they will not sell their produce at the current price.
They are calling on the government to intervene and cushion both cocoa clerks and farmers, warning that many businesses and households could collapse if urgent measures are not taken.
The concerns were shared with journalists on the sidelines of a press conference in Koforidua.
According to the clerks, the challenges began around November 2025, when delays in the release of funds made it extremely difficult for them to raise capital to purchase cocoa from farmers.
Meanwhile, some cocoa farmers in the Eastern Region have also expressed frustration over the situation, describing the price reduction as a major setback to their livelihoods.
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