- Cabinet held an emergency meeting to address financial problems and mismanagement in the cocoa sector.
- The producer price for 2025/26 was reduced to GH¢41,392 per tonne (GH¢2,587 per bag).
- Part of COCOBOD’s GH¢5 billion debt will be converted to equity to improve finances.
- A new financing system using cocoa bonds will replace the old buyer-financed model.
- Local cocoa processing will increase, with at least 50% of beans processed in Ghana from 2026/27.
- GH¢4.35 billion in cocoa road debts will be transferred to the Ministry of Roads.
- The Attorney-General will carry out forensic audits and criminal investigations into COCOBOD’s last eight years.
- COCOBOD will cut wasteful spending and stop non-core activities under the new reforms.
- Farmers will receive 90% of the FOB value to protect them from falling world market prices.
- The reforms aim to make the cocoa sector fair, financially strong, and sustainable long-term.
So what?
These reforms are designed to protect farmers, stabilize COCOBOD’s finances, promote local processing, and secure the long-term growth and sustainability of Ghana’s cocoa industry.
