But Mr. Quaitoo stressed that \u201cstabilization is stabilization. It is to stabilize the price at that current state. It is not meant to increase it. Who can tell what will happen tomorrow? The price is still dipping.\u201d<\/p>\n
Aside from this, he added that COCOBOD was even dealing with debts and was looking for loans for support \u201cso why do you increase prices when you cannot meet it\u2026 We don\u2019t see how the prices can be increased in the coming year when we are borrowing money to sustain the current price.\u201d<\/p>\n
![\"Ghana](\"http:\/\/citifmonline.com\/wp-content\/uploads\/2016\/08\/Cocoa-farmers.jpg\")
<\/p>\n
The Majority’s response echoed that of the Ghana Cocoa Board’s (COCOBOD) reply to the Minority, explaining that the Cocoa Stabilization Fund, was not set up to ensure an increase in the producer price after a\u00a0fall in world market prices.<\/p>\n
It noted that, the Stabilization Fund \u201cis neither to be used to increase producer price, nor pay bonuses as stated by the Minority in Parliament, but rather as the name implies, to stabilize prices to the farmers.\u201d<\/p>\n
\u201cThe Stabilization Fund is rather a standby Fund which ensures that irrespective of how low cocoa prices fall on the world market, Ghanaian farmers do not suffer a reduction in producer price,\u201d\u00a0COCOBOD explained in a press release.<\/p>\n