A senior presidential official says Ghana’s cocoa sector was hit by a sharp and unexpected drop in global prices just weeks after the government adjusted the producer price for farmers, creating major financial challenges for the industry. Dr Peter Boamah Otokunor, Director of Presidential Initiatives in Agriculture and Agribusiness at the Office of the President, said the international cocoa market moved quickly against Ghana shortly after the Mahama administration set a new producer price for the 2025/26 season.