Cocoa farmers endorse home-grown solutions for cocoa sector stabilisation
The Ghana Chapter of the Cocoa Farmers Alliance of Africa has publicly endorsed the government’s current approach to stabilising the country’s cocoa sector, firmly dismissing calls for an International Monetary Fund (IMF) bailout for the industry.
In a press release dated February 13, 2026, the Alliance expressed strong confidence in the domestic policy direction being pursued by state authorities.
The group’s statement praised the Ministry of Finance for prioritising “home-grown measures” instead of relying on external support mechanisms.
The Alliance also rejected proposals—particularly those attributed to the Minority in Parliament—that Ghana should seek assistance from the International Monetary Fund to support the cocoa sector.
According to the statement, cocoa farmers have welcomed the government’s broader economic management strategies, which they say have contributed to the stabilisation of the Ghana Cedi and a reduction in inflation to single-digit levels.
The group further acknowledged the responsibility of farmers themselves to help keep cocoa prices competitive on the international market in order to sustain the long-term viability of the industry.
This position follows a Cabinet decision to reduce the producer price of a 64-kilogramme bag of cocoa from 3,625 cedis to 2,587 cedis.
The price revision forms part of measures announced by the Finance Minister, Cassiel Ato Forson, aimed at addressing financial pressures within the cocoa sector.
The Minister’s announcement was later followed by a press conference by the Minority in Parliament, which renewed calls for IMF intervention.
However, the Ghana Chapter of the Cocoa Farmers Alliance of Africa maintains that Ghana’s economic challenges should be resolved through domestic solutions rather than external financial support.
