COCOBOD Releases GH¢2.6 Billion to Settle Outstanding Payments for Cocoa Farmers

The Ghana Cocoa Board (COCOBOD) has announced the disbursement of GH¢2.6 billion to Licensed Buying Companies (LBCs) to facilitate payments to cocoa farmers across the country. This significant financial injection is intended to ensure that farmers are compensated promptly for their supplies during the 2025/26 crop season. A major portion of this release, approximately GH¢1.4 billion, has been specifically designated to clear outstanding balances owed to farmers who sold their cocoa on credit, addressing a critical liquidity challenge within the sector.

This latest disbursement brings the total amount released to LBCs since the start of the 2025/26 crop season to an impressive GH¢34,523,447,255.64. The move is part of a broader strategy by COCOBOD to maintain the integrity of the cocoa supply chain and ensure that the primary producers remain incentivized. By prioritizing the settlement of credit purchases, the regulator aims to restore confidence among farmers and stabilize the local cocoa market, which is a cornerstone of the Ghanaian economy.

To ensure transparency and accountability, COCOBOD has implemented robust monitoring mechanisms to track the flow of funds from LBCs to the individual farmers. The board has issued a firm assurance that no farmer who used the approved purchasing system will be denied their due payment. Furthermore, COCOBOD has encouraged any farmers experiencing delays or awaiting payments to proactively contact their respective Licensed Buying Companies for updates and resolution.

The government, through COCOBOD, has reiterated its dedication to safeguarding farmer welfare and enhancing the long-term sustainability of the cocoa industry. This financial support highlights the state's recognition of the resilience and essential contribution of cocoa farmers to Ghana's economic growth. As the season progresses, these measures are expected to strengthen the industry's robustness and ensure that Ghana remains a leading force in the global cocoa market.