Finance Minister Dr.
Cassiel Ato Forson has expressed concern over the current state of Ghana's cocoa sector, describing it as being in crisis due to mismanagement and unsustainable debt.
Presenting the 2025 Budget Statement to Parliament on Tuesday, March 11, Dr.
Forson lamented the decline in cocoa production and the financial challenges facing COCOBOD. "The sector faces declining output and financing challenges characterized by unsustainable debt, roll over contracts and quasi-fiscal expenditures including cocoa roads, a non-core function." He revealed that cocoa production has dropped by nearly 50% over the past three years, while COCOBOD's outstanding debt has risen to GH¢32 billion. "Mr.
