Alan Pledges to Cut Syndicated Loans and Boost Farmer Profits with Local Investment if Elected
Alan Kyerematen outlines a comprehensive strategy to end loan dependency and create a sustainable, profitable cocoa industry for Ghana’s farmers
- Alan promises to eliminate reliance on foreign syndicated loans
- He aims to process at least 70% of Ghana’s cocoa locally
- Alan proposes giving farmers a stake in COCOBOD through share options
Alan Kyerematen, founder of the Movement for Change, has vowed to revitalize Ghana’s cocoa sector by ending reliance on syndicated loans and empowering farmers.
On his Caravan Campaign Tour in the Ahafo Region, he criticized current and past administrations for forcing the cocoa industry into debt dependence, costing farmers fair compensation.
Alan Kyerematen proposes financing cocoa purchases domestically, enabling farmers to gain full value from global sales.
He also pledged to process 70% of Ghana’s cocoa locally, transforming it into high-value products like chocolate, which he argues will secure better earnings for farmers.
Additionally, he promised free pollination services to boost yields and proposed giving farmers a stake in the sector by listing COCOBOD shares on the Ghana Stock Exchange.
