The Ghana Cocoa Board (COCOBOD) has disbursed GH¢2.6 billion to Licensed Buying Companies (LBCs) to enable payments to cocoa farmers across the country’s cocoa-growing regions. In a statement issued on Thursday, July 2, COCOBOD explained that the funds are meant to ensure farmers who supplied cocoa through the approved purchasing system receive their due payments. The Board noted that since the start of the 2025/26 crop season, a total of GH¢34.52 billion has been paid to LBCs for onward settlement with farmers. Of the latest release, approximately GH¢1.4 billion has been allocated to clear outstanding payments owed to farmers for cocoa purchased on credit.
COCOBOD stated that it is working closely with Licensed Buying Companies to ensure all affected farmers receive their payments. The Board has also introduced monitoring measures to guarantee that the released funds reach those owed. It assured farmers that no one will be denied payment for cocoa legitimately sold through the approved purchasing system, acknowledging the patience and resilience shown during this challenging period.
Farmers with outstanding payments were encouraged to engage directly with the LBCs through which they sold their cocoa, while efforts continue toward full settlement of all obligations. COCOBOD emphasised that the release of funds reflects the government’s commitment to safeguarding farmers’ welfare and upholding the integrity of Ghana’s cocoa industry.
“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,” the statement noted. COCOBOD further expressed appreciation to cocoa farmers for their continued dedication and contribution to Ghana’s economy.
“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,” it added.
Source: Leticia Osei
