Parliamentary Committee on Food, Agriculture, and Cocoa Affairs has meet with officials from Ghana Cocoa Board (COCOBOD) to discuss critical matters relating to operations.

The Chief Executive Officer of COCOBOD Dr. Ransord Abbey, explained that ongoing reforms under a proposed new COCOBOD Act would introduce a new pricing mechanism, a revised funding model, and a stronger value addition strategy aimed at improving farmer incomes and ending persistent under-recoveries.

He stressed the need for Ghana to align its prices with global competitors to attract buyers and ensure farmers are paid fairly. 

According to the CEO, when global market prices perform well, consumers benefit, bringing buyers back to finance the crop is critical to restoring stability in farmer payments.

Members of the Committee led by the Chairman, Hon. Godfred Seidu Jasaw, commended COCOBOD officials for what they described as a very educative and informative presentation. They expressed satisfaction with the responses provided and assured the institution of their readiness to work, offering support through continued engagement.