The Ghana Cocoa Board (COCOBOD) has released GH¢2.6 billion to Licensed Buying Companies (LBCs) for onward payment to cocoa farmers for cocoa purchases across all cocoa-growing regions.
Since the commencement of the 2025/26 Crop Season, COCOBOD has disbursed a total of GH¢34,523,447,255.64 to LBCs to facilitate payments to farmers.
According to a statement issued by the Board’s Public Affairs Department dated July 2, 2026, COCOBOD indicated that approximately GH¢1.4 billion of the latest release has been specifically earmarked to clear the outstanding balances owed to farmers for cocoa taken on credit.
In the statement, COCOBOD assured all stakeholders that it was working closely with the LBCs to ensure that all affected farmers receive their payments promptly. The Board has also instituted robust monitoring mechanisms to guarantee that the funds reach the intended beneficiaries.
“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,” the statement read.
Farmers with outstanding payments have been encouraged to engage the relevant Licensed Buying Company through which they sold their cocoa. COCOBOD has reiterated its commitment to collaborating with all stakeholders to ensure the full settlement of all 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 dedicated to protecting farmers' interests and ensuring they receive the full benefits of their labour.
The Board expressed its sincere appreciation to all cocoa farmers for their continued dedication and invaluable contribution to Ghana's economy.
It further pledged to continue working with the Government and industry stakeholders to strengthen the cocoa value chain, improve farmer welfare, and ensure the long-term sustainability of the sector.