The Ghana Cocoa Board (COCOBOD) has released GH¢2.6 billion for payment to cocoa farmers for cocoa purchases across all cocoa regions.
In a statement released on Thursday,July 2,2026,COCOBOD added that this amount brings the total amount given out since the beginning of the 2025/26 Crop Season to GH¢34,523,447,255.64
Accordingly, out of the GH$2.6 billion released, approximately GH$1.4 billion is expected to be used to clear the remaining balance LBCs owe cocoa farmers for cocoa taken on credit.
COCOBOD added that it is not only actively “working closely with the Licensed Buying Companies to ensure that all affected farmers receive their payments” but also has put in place monitoring mechanisms to ensure that the funds reach the farmers who are owed.
Farmers with outstanding payments were also encouraged to engage the relevant Licensed Buying Company through which they sold their cocoa adding that COCOBOD is committed to ensuring the full settlement of outstanding obligations.
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