The Ghana Cocoa Board (COCOBOD) has released GH¢2.6 billion to Licensed Buying Companies (LBCs) to facilitate payments to cocoa farmers for cocoa purchases across all cocoa-growing regions of the country.
According to the Board, the latest disbursement is part of ongoing efforts to ensure that cocoa farmers receive payments for cocoa supplied through the approved purchasing system.
COCOBOD disclosed that since the start of the 2025/26 crop season, it has paid a total of GH¢34,523,447,255.64 to Licensed Buying Companies for onward payment to cocoa farmers.
Out of the GH¢2.6 billion released, approximately GH¢1.4 billion has been specifically allocated to clear the outstanding balances owed by Licensed Buying Companies to cocoa farmers for cocoa purchased on credit.
The Board stated that it is working closely with Licensed Buying Companies to ensure that all affected farmers receive their payments promptly. It added that monitoring mechanisms have been put in place to ensure that the funds are disbursed to the farmers who are owed.
COCOBOD also acknowledged the patience, resilience and understanding demonstrated by cocoa farmers during the period of delayed payments, assuring them that no farmer who legitimately sold cocoa through the approved cocoa purchasing system would be denied payment.
Farmers who are yet to receive payment have been encouraged to engage the Licensed Buying Company through which they sold their cocoa, while COCOBOD continues to work with all stakeholders to ensure the full settlement of all outstanding obligations.
The Board noted that the release of the funds reflects the Government’s commitment to protecting the welfare of cocoa farmers and maintaining the integrity of Ghana’s cocoa industry.
COCOBOD further reaffirmed its commitment to safeguarding farmers’ interests and ensuring they receive the full benefits of their hard work. It also expressed appreciation to cocoa farmers for their continued dedication and invaluable contribution to Ghana’s economy.
The Board pledged to continue collaborating with the Government and industry stakeholders to strengthen the cocoa value chain, improve farmer welfare and ensure the long-term sustainability of Ghana’s cocoa sector.
PRESS RELEASE
COCOBOD RELEASES GH¢2.6 BILLION TO LBCs TO PAY COCOA FARMERS
The Ghana Cocoa Board (COCOBOD) wishes to inform all cocoa farmers and the general public that an amount of Two Billion, Six Hundred Million Ghana Cedis (GH¢2.6 billion) has been released to Licensed Buying Companies (LBCs) for payment to cocoa farmers for cocoa purchases across all cocoa regions.
Since the beginning of the 2025/26 Crop Season, COCOBOD has paid an amount of GH¢34,523,447,255.64 to Licensed Buying Companies (LBCs) for onward payment to farmers. Accordingly, out of the GH¢2.6 billion released today, approximately GH¢1.4 billion has been earmarked to clear the remaining balance LBCs owe cocoa farmers for cocoa taken on credit.
COCOBOD is working closely with the Licensed Buying Companies to ensure that all affected farmers receive their payments. The Board has also instituted monitoring mechanisms to ensure that the funds reach the farmers who are owed.
COCOBOD acknowledges the patience, resilience, and understanding demonstrated by cocoa farmers during this challenging period and wishes to assure all cocoa farmers that no farmer will be denied payment for cocoa legitimately sold through the approved cocoa purchasing system.
Farmers with outstanding payments are encouraged to engage the relevant Licensed Buying Company through which they sold their cocoa. COCOBOD will continue to work with all stakeholders to ensure the full settlement of outstanding obligations.
The release of these funds underscores the Government’s commitment to safeguarding the welfare of cocoa farmers and preserving the integrity of Ghana’s cocoa industry. COCOBOD remains committed to protecting farmers’ interests and ensuring that they receive the full benefits of their hard work.
COCOBOD expresses its sincere appreciation to all cocoa farmers for their continued dedication and invaluable contribution to Ghana’s economy. The Board will continue to work with Government and industry stakeholders to strengthen the cocoa value chain, improve farmer welfare, and ensure the long-term sustainability of Ghana’s cocoa sector.
ISSUED BY:
PUBLIC AFFAIRS DEPARTMENT
For more information, please contact the Public Affairs Department, Ghana Cocoa Board.
Office Direct Line: (0302) 66-17-66
E-mail: public_affairs@cocobod.gh
