The Majority in Parliament has dismissed calls to provide financial assistance to cocoa farmers. This decision follows reports of a GHC60 billion debt at the Ghana Cocoa Board (COCOBOD).
Addressing journalists, a spokesperson for the Majority stated that the previous administration left COCOBOD in severe financial trouble. They emphasized that current efforts are focused on reforming the cocoa industry.
The spokesperson explained that the government is working to improve the cocoa sector. This includes measures to prevent future financial problems.
The Majority believes that a bailout is not the correct approach. They prefer a long-term solution to the sector's issues.
The Minority in Parliament had requested financial aid for the farmers. They raised concerns about the welfare of cocoa farmers.
However, the Majority maintains that their current strategies will benefit the farmers. They aim to create a more stable cocoa industry.