In his bid to transform Ghana's economy, Alan Kyerematen, the presidential candidate of the Movement for Change, has promised a new dawn for cocoa farmers, particularly in the Ahafo Region, where the people depend heavily on cocoa farming.
Speaking to a gathering of chiefs and local communities during his Caravan Campaign Tour, Mr.
Kyerematen boldly condemned the current and previous administrations for exploiting cocoa farmers, accusing both the NPP and NDC of consistently "cheating farmers out of their rightful income." Alan Kyerematen announced his commitment to abolishing the longstanding cocoa syndicated loan scheme, which has relied on borrowing in dollars to pay farmers in cedis.
He explained that this system has directly harmed farmers due to currency depreciation. "The current system forces the government to borrow about $2 billion annually under the guise of helping cocoa farmers, yet pays them in cedis.