The Finance Minister will at 11:00 a.m. tomorrow brief the nation on far-reaching measures approved by Cabinet to address the crisis in the cocoa sector.

The announcement follows a lengthy emergency Cabinet meeting convened to deliberate on challenges confronting the industry, particularly delays in payments to farmers and broader structural concerns.

Minister of Government Communications, Felix Kwakye Ofosu, disclosed that the session focused exclusively on the cocoa sector and resulted in decisive interventions.

“We have just concluded a lengthy Cabinet meeting. It was an emergency session that discussed the cocoa sector and matters arising there,” he said.

According to him, Cabinet has agreed on measures to ensure the expedited payment of cocoa farmers and to implement sweeping reforms aimed at transforming the sector.

“At the end of the emergency session, decisive measures have been agreed upon regarding expedited payment of cocoa farmers and the implementation of the most drastic reforms in the cocoa sector, with a view to achieving quantum leaps in domestic processing of cocoa as opposed to exports of raw materials,” Mr. Kwakye Ofosu stated.

He added that additional reforms will be carried out at the Ghana Cocoa Board (COCOBOD) to promote more effective administration and management of the sector.

Mr. Kwakye Ofosu stressed that the emergency meeting was convened to produce concrete solutions.

“If the meeting was not intended to find solutions to the problems we are having now, the meeting would not have been held,” he said, assuring that full details of the agreed measures will be provided at the Finance Minister’s briefing.