The 2025 budget presented by Finance Minister Dr. Cassiel Ato Forson highlighted the severe challenges facing Ghana’s cocoa industry, describing it as being in a critical condition.
The Ghana Cocoa Board (COCOBOD) is currently burdened with an unsustainable debt of 32 billion Cedis, while cocoa production has plummeted by nearly 50% over the past three years.
Despite these troubling figures, Dr. Forson assured Ghanaians that the government remains steadfast in its commitment to reviving the economy.
He expressed confidence that the government would overcome these challenges, stating, “We will fix the economy, restore hope, and build the Ghana we want.”
The Finance Minister also emphasized the government’s commitment to fiscal discipline, ensuring that budgetary limits approved by Parliament would be respected.
Dr. Forson mentioned that the 24-hour economy policy would be presented to Parliament soon, aimed at fostering economic growth and stability.
As the government moves forward with its reforms, further details on the cocoa sector’s recovery and broader economic plans are expected to be discussed in future parliamentary sessions.
