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Cocoa Farmers say there is no money for cocoa purchases

Cocoa farmers have expressed concern about delay in releasing money for the purchase of produce this cocoa season.

According to the farmers, the harvested cocoa between the major and minor cocoa seasons are locked up without buyers, who claimed government has not released money to begin purchases for the major crop season.

The farmers said their wards have remained at home ever since school re-opened for the beginning of the academic year.

A farmer at Aboduabo in the Bibiani-Anhwiaso-Bekwai District of the Western Region, Yaw Bediako told Radio Ghana at Sefwi Bibiani that he wonders why COCOBOD has failed to release money to the Purchasing Clerks of the Produce Buying Company, and the private cocoa buying agencies to quickly move to the ground to purchase the produce.

Mr. Bediako said the lack of money is creating conducive environment for money lenders who lend money at a one hundred percent interest rate for a month.

He said the practice has become an annual ritual and called on government as a matter of urgency to address the issue.

A Cocoa Purchasing Clerk at Sefwi Bekwai, Augustine Baidoo, who corroborates the story said he is yet to be provided with money to begin purchases for the start of the crop season.


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