The Ghana Cocoa Board (COCOBOD) has released GH¢2.6 billion to Licensed Buying Companies (LBCs) to settle outstanding payments owed to cocoa farmers nationwide.
The funding comes amid ongoing efforts to sustain the country’s cocoa sector, with approximately GH¢1.4 billion of the newly released sum specifically earmarked to clear debts for cocoa previously purchased on credit.
According to COCOBOD, the injection brings the total amount paid to LBCs since the start of the 2025/26 crop season to GH¢34,523,447,255.64.
In a statement, the industry regulator expressed gratitude to the agricultural community, noting that it “acknowledges the patience, resilience, and understanding demonstrated by cocoa farmers during this challenging period”.
COCOBOD further sought to reassure producers regarding the security of their earnings, stating that “no farmer will be denied payment for cocoa legitimately sold through the approved cocoa purchasing system”.
To ensure the capital reaches its intended recipients, the board is implementing stricter oversight measures.
“The Board has also instituted monitoring mechanisms to ensure that the funds reach the farmers who are owed,” COCOBOD added, advising any farmers with remaining balances to engage directly with their respective purchasing companies to facilitate full settlement.
By: Rainbowradioonline.com/Ghana
