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• KOFI ANNAN 1 week ago

  THIS IS NOT FULLY ACCURATE. THE BANK OF GHANA SIMPLY FORGOT THAT THE PRODUCER PRICES OF COCOA ARE LINKED TO THE CEDI DOLLAR EXCHANGE RATE. IF YOU PUSH THE APPRECIATION OF THE CEDI TOO MUCH IN THE SHORT TERM AS THE BANK DID IN ...
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  THIS IS NOT FULLY ACCURATE. THE BANK OF GHANA SIMPLY FORGOT THAT THE PRODUCER PRICES OF COCOA ARE LINKED TO THE CEDI DOLLAR EXCHANGE RATE. IF YOU PUSH THE APPRECIATION OF THE CEDI TOO MUCH IN THE SHORT TERM AS THE BANK DID IN 2025, YOU SIMPLY DISTORT THE MECHANISMS AND PROCESSES OF THE VERY IMPORTANT AGRICULTURAL EXPORT ECONOMY WHICH HAVE PROVIDED TAXES TO RUN THE COUNTRY FOR MOST OF ITS INDEPENDENCE. SIMPLY ADMIT THIS ERROR OF JUDGEMENT. NOW COCOA PRODUCER PRICES HAVE BEEN FORCEFULLY REDUCED BY THE STATE BY 29% LEADING TO NEGATIVE PROFITS FOR 650,000 COCOA FARMERS AND FOUR MILLION COCOA FARM WORKERS. PRICE STABILITY SHOULD NOT BE ACHIEVED AT THE EXPENSE OF DESTROYING THE COCOA INDUSTRY.

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• Chris 1 week ago

  Cocoa farmers are receiving less money with a better purchasing power. Ghanaians including Cocoa farmers are better off. The cedi had been deprecating for decades, increasing the economic hardship of Ghanaians making them poo ...
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  Cocoa farmers are receiving less money with a better purchasing power. Ghanaians including Cocoa farmers are better off. The cedi had been deprecating for decades, increasing the economic hardship of Ghanaians making them poorer. For once, it's being managed.

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• KOFI ANNAN 1 week ago

  COCOA FARMERS DO NOT LIVE IN A DOLLAR ECONOMY. THEY LIVE IN A CEDI ECONOMY. THE GOVERNMENT IS PAYING THEM REDUCED PRICES BUT THE COSTS OF WAGES AND OTHER INPUTS HAVE NOT DECLINED. THE GOVERNMENT DID NOT REDUCE ITS MINIMUM WAG ...
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  COCOA FARMERS DO NOT LIVE IN A DOLLAR ECONOMY. THEY LIVE IN A CEDI ECONOMY. THE GOVERNMENT IS PAYING THEM REDUCED PRICES BUT THE COSTS OF WAGES AND OTHER INPUTS HAVE NOT DECLINED. THE GOVERNMENT DID NOT REDUCE ITS MINIMUM WAGE RATE WHEN IT REDUCED THE PRICES OF COCOA BY 29%. FARMERS LIKE ALL CONSUMERS FACE POSTIVE INFLATION NOT ZERO INFLATION BUT THEIR GROSS INCOMES HAVE BEEN CUT BY 29% REDUCING PROFITS TO ZERO OR NEGATIVE. EVEN THOUGH INFLATION HAS FALLEN THE INFLATION RATE IS NOT ZERO. THE BANK OF GHANA SIMPLY ERRED BECAUSE IT DID NOT CONSIDER PROPERLY THE LIVELIHOODS OF COCOA FARMERS. THE PRESIDENT OF THE REPUBLIC DID NOT EVEN BOTHER TO MEET FARMERS BEFORE ANNOUNCING THE PRICE CUTS BUT HE WAS MEETING LABOUR LEADERS, POLITCAL PARTY ORGANIZERS, RELIGIOUS LEADERS AND OTHERS.

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• Chris 1 week ago

  Inflationary profit is not real profit. Let's allow the market to adjust. Nothing good comes cheap.

  Inflationary profit is not real profit. Let's allow the market to adjust. Nothing good comes cheap.

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• Ghanaba100 1 week ago

  then allow farmers to sell their cocoa beans directy to the world markets. the government is grossly unfair to increase the wages of government workers by 10 percent and punish cocoa farmers with 29 percent reduction in gross ...
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  then allow farmers to sell their cocoa beans directy to the world markets. the government is grossly unfair to increase the wages of government workers by 10 percent and punish cocoa farmers with 29 percent reduction in gross incomes while the prices of wages and other farm inputs have not come down.

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• agyeman 1 week ago

  NO WONDER MAHAMA HAS ENGAGED 3 COACHES FOR ONE GOVERNOR TO ASSIST HIM STRAIGHTEN UP THE MESS. PLEASE PROFESSOR QUARTEY TELL US WHAT YOU HAVE SEEN ON THE GROUND EVEN BEFORE YOU START YOUR WORK. ITS NOT THE GOVERNOR'S FAULT ITS ...
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  NO WONDER MAHAMA HAS ENGAGED 3 COACHES FOR ONE GOVERNOR TO ASSIST HIM STRAIGHTEN UP THE MESS. PLEASE PROFESSOR QUARTEY TELL US WHAT YOU HAVE SEEN ON THE GROUND EVEN BEFORE YOU START YOUR WORK. ITS NOT THE GOVERNOR'S FAULT ITS MAHAMA'S. INSTEAD OF APPOINTING COMPETENT AND EXPERIENCED HANDS HE HAS COLLECTED THESE ATO FORSONS WITH ON LINE DOCTORATES TO HANDLE GHANA. LOOK AT THE MESS.

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