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Ghana Cocoa Board (COCOBOD) has released a total of GH¢3.62 billion to Licensed Buying Companies as part payment of outstanding arrears owed to cocoa farmers, following a recent directive from the Ministry of Finance.
The disbursement, which remains ongoing, is intended to facilitate the prompt settlement of cocoa farmers’ arrears through the LBCs and to reinforce liquidity within the cocoa sector.
The intervention forms part of broader measures to stabilise operations across the cocoa value chain, ease financial pressures on industry participants, and restore confidence among cocoa farmers.
COCOBOD remains committed to working closely with stakeholders to sustain sector stability and safeguard the livelihoods of cocoa farmers.
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