COCOBOD Injects GH¢2.6 Billion to Clear Cocoa Farmers’ Payments

The Ghana Cocoa Board (COCOBOD) has released GH¢2.6 billion to Licensed Buying Companies (LBCs) to enable prompt payment to cocoa farmers for cocoa beans purchased across the country’s producing communities.

The disbursement, announced in a statement on Thursday, July 2, forms part of efforts to ensure that farmers who sold cocoa through the approved purchasing system receive the money owed to them.

COCOBOD revealed that it has so far paid GH¢34.52 billion to Licensed Buying Companies since the commencement of the 2025/26 cocoa season for onward payment to cocoa farmers nationwide.

The Board explained that nearly GH¢1.4 billion of the newly released amount has been earmarked to settle outstanding debts owed to farmers whose cocoa was previously bought on credit.

It said it is working closely with the Licensed Buying Companies to guarantee that all affected farmers are paid and has introduced monitoring measures to ensure the funds are distributed to the rightful beneficiaries.

COCOBOD reassured farmers that everyone who legitimately sold cocoa through the approved cocoa purchasing system would receive full payment.

The Board also commended cocoa farmers for their patience and resilience despite the payment delays, emphasising that no eligible farmer would be denied payment.

Farmers who have not yet received their money have been encouraged to contact the Licensed Buying Company through which they sold their cocoa as efforts continue to clear all outstanding payments.

According to COCOBOD, the release of the funds demonstrates the government’s determination to protect cocoa farmers’ welfare while sustaining confidence in Ghana’s cocoa industry.

The Board further expressed appreciation to cocoa farmers for their continued hard work and contributions to the country’s economy, adding that it will continue to collaborate with the government and industry stakeholders to strengthen the cocoa value chain, improve farmers’ livelihoods, and promote the long-term sustainability of Ghana’s cocoa sector.