COCOBOD RELEASES GH¢2.6 BILLION TO LBCs TO PAY COCOA FARMERS

Date: 02nd July 2026

The Ghana Cocoa Board (COCOBOD) wishes to inform all cocoa farmers and the general public that an amount of Two Billion, Six Hundred Million Ghana Cedis (GH¢2.6 billion) has been released to Licensed Buying Companies (LBCs) for payment to cocoa farmers for cocoa purchases across all cocoa regions.

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 (LBCs) for onward payment to farmers. 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.

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.

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 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 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 committed to protecting farmers' interests and ensuring that they receive the full benefits of their hard work.

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.

ISSUED BY:

PUBLIC AFFAIRS DEPARTMENT

For more information, please contact the Public Affairs Department, Ghana Cocoa Board

Office Direct Line: (0302) 66-17-66 E-mail: [email protected]