The Minister of Finance Dr Cassiel Ato Forson has told Parliament during the 2025 budget presentation that the cocoa sector is collapsing.
He attributed this to high debts in the sector.
He told Parliament on Tuesday, March 11 that "COCOBOD's outstanding debt stands at 32 billion Cedis" He stressed "The cocoa sector is sadly on its knees, with unsustainable debts.
Cocoa production had dropped nearly by 50 per cent over the past three years." The Finance Minister further said that President John Dramani Mahama will restore hope in the economy.
