Ghana’s ambitious Cocoa Roads programme has hit a major financial snag, with the Ghana Cocoa Board (COCOBOD) announcing the indefinite suspension of all ongoing projects due to an overwhelming debt burden of over GH₵4 billion owed to contractors.
The announcement was made by COCOBOD Chief Executive Officer Dr. Randy Abbey during a stakeholder dialogue with cocoa farmers in Bechem. The halt in infrastructure works, which were initially aimed at improving access to key cocoa-growing regions, underscores deepening fiscal pressures in one of Ghana’s most strategic export sectors.
Dr. Abbey revealed that the bulk of the debt stems from legacy contracts worth approximately GH₵ 2 billion signed under the previous administration, arrangements he described as “financially unsustainable.”
“There is currently no money available to pay contractors, let alone initiate new road projects,” he lamented.
Dr. Abbey noted that efforts are underway to engage the Ministry of Roads and Highways in a debt restructuring dialogue, seeking workable solutions that could pave the way for project resumptions in the future. However, for now, the Cocoa Roads programme, once a flagship initiative, remains in limbo.
The suspension is a blow to rural connectivity and cocoa value chain efficiency, especially as farmers grapple with poor infrastructure that hampers the movement of goods and farm inputs. Dr. Abbey appealed to cocoa farmers for understanding and solidarity during this difficult phase, emphasizing their pivotal role in revitalizing the sector.
“The cocoa industry is facing serious challenges, and only our hardworking farmers can help revive it, your support is crucial in restoring confidence and productivity.” he noted.
Despite the financial strain, there was a glimmer of optimism. Dr. Abbey announced that the 2025/2026 cocoa season will officially open in August, with a producer price expected to surpass that of neighboring Côte d’Ivoire, a move likely aimed at incentivizing farmer loyalty and bolstering output.
The Bechem engagement was part of the COCOBOD CEO’s broader nationwide tour to reconnect with farmers, gather on-the-ground insights, and rebuild trust amid headwinds facing Ghana’s storied cocoa industry.
