Kojo Oppong Nkrumah, the Ranking Member on Parliament’s Economy and Development Committee, has called for Parliament to halt the swift passage of the Cocoa Board Reforms Bill. He warns that this proposed legislation could severely impact Ghana’s cocoa industry if key stakeholders, especially farmers, are not properly consulted. The Ofoase Ayirebi MP stated his concerns on JoyNews’ PM Express on Tuesday, July 29, 2026.
The Minority Group opposed attempts to fast-track the bill due to its significant implications for cocoa farmers and the broader national economy. Oppong Nkrumah stressed that cocoa remains one of Ghana’s most crucial industries. He believes any major policy change requires extensive engagement before becoming law. This caution stems from past decisions, including a 30% reduction in cocoa prices, which negatively affected many cocoa-growing areas.
Oppong Nkrumah specifically raised concerns about the new pricing formula within the bill. He argued that this new arrangement would work against the interests of cocoa farmers. Initially, the proposal mentioned paying farmers 70% of Free on Board (FOB) prices. However, a different mechanism is now under discussion, which has heightened his worries.
The proposed system, he explained, could undermine the minimum guaranteed farm-gate price. This guaranteed price has historically incentivized cocoa production by assuring farmers of a stable income. A fluctuating pricing system, as he described it, would not suit the unique structure of Ghana’s cocoa sector. This instability could put many cocoa farmers at a significant disadvantage.
The former Information Minister insisted that Parliament should suspend efforts to pass the legislation quickly. Instead, he advocates for broader consultations that include cocoa farmers. Their input is crucial for shaping a law that genuinely supports the industry. Oppong Nkrumah confirmed that discussions on the bill are ongoing and the Minority will continue to make further submissions before a final decision is reached.
Ghana’s cocoa sector is a cornerstone of its economy, contributing significantly to export earnings and rural livelihoods. The industry supports millions of people directly and indirectly. Ensuring the stability and profitability of cocoa farming is vital for national economic health. Any legislative changes must therefore consider the long-term impact on farmers and the entire value chain. The push for consultation reflects a broader concern about protecting this essential economic pillar.