Gov’t decision on cocoa prices shows financial discipline — Kofi Adams

The Member of Parliament for Buem Constituency and Minister of Sports and Recreation, Kofi Adams Iddi, has reaffirmed that the government’s decision to reduce cocoa prices was driven by financial discipline and the pursuit of long-term economic stability.

Speaking at the 69th Independence Day celebration in Jasikan, the minister said the decision, though difficult, was necessary to safeguard the economy and prevent unsustainable borrowing.

He noted that while neighbouring Côte d’Ivoire has faced similar pressures, Ghana continues to provide comparatively better support to cocoa farmers.

According to the sports minister, Ghana is not only paying farmers more competitively but is also supplying farm inputs to boost productivity—an approach he contrasted with practices in Côte d’Ivoire.

He explained that the government’s priority is to ensure prosperity through sound economic management rather than short-term measures that could deepen financial strain.

The MP further assured residents of President John Mahama’s commitment to disciplined fiscal management for national development.

He urged citizens, particularly students, to embrace discipline, remain united, and support government initiatives aimed at transformation and progress.

Also addressing the gathering, the Municipal Chief Executive (MCE) for Buem-Jasikan, Park-Davies Magyebe, highlighted the municipality’s commitment to sustainable development.

He pledged to prioritize quality education, accessible healthcare, youth empowerment, improved roads, and equal opportunities to create an enabling environment for all.

The MCE added that the Mahama administration remains focused on expanding economic opportunities through key policies such as the Big Push infrastructure agenda, the National Apprenticeship Program, and the 24-hour economy policy.

He called on residents to support local development efforts and help leverage community assets to drive growth.