The Ghana Cocoa Board (COCOBOD has released GH¢2.6 billion to Licensed Buying Companies (LBCs) to settle payments for cocoa farmers across all growing regions.
In a statement to farmers and the public, the COCOBOD said the disbursement was “for payment to cocoa farmers for cocoa purchases across all cocoa regions” in the ongoing 2025/26 Crop Season.
The Board explained that part of the money will go directly to clearing arrears. “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,” it stated.
The COCOBOD noted that total payments to LBCs this season now stood at a significant amount. “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 for onward payment to farmers,” the statement said.
To ensure transparency, the Board said it has put controls in place. “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,” it added.
COCOBOD acknowledged the hardship farmers have faced in recent months. “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 unpaid amounts have been advised on next steps. “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 Board said the intervention reflects broader government policy. “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 stated.
It reaffirmed its mandate to protect growers. “COCOBOD remains committed to protecting farmers’ interests and ensuring that they receive the full benefits of their hard work.”
In closing, the Board thanked producers for their role in the economy. “COBOD 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.”
