News

By the end of this week, a number of licenced buying companies (LBCs) or cocoa buyers in Ghana may suspend cocoa purchasing activities upcountry, Cocoa Post has gathered. LBCs are companies authorised to buy cocoa beans directly from…
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European Union Deforestation Regulation: Impact on Cocoa Production in West Africa
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The Chief Executive of Ghana Cocoa Board (Cocobod), Joseph Boahen Aidoo, has revealed that his outfit has made a significant profit of over GH₵2 billion for the 2022/2023 fiscal year. Speaking on Joy FM’s Super Morning Show, Mr Aidoo said…
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Cocoa farmers in Ghana are currently facing significant financial challenges, with many struggling to make ends meet despite their hard work. This follows the recent reduction in the cocoa producer price from GH¢3,625 to GH¢2,587, which…
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Unsold bags of cocoa beans are stacked almost to the ceiling in Sekou Dagnogo’s warehouse in Ivory Coast’s western Duekoue town, where his cooperative is struggling to sell to exporters following a fall in global cocoa prices. Exporters…
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Ghana Cocoa Board (Cocobod) has announced cuts to salaries of its executive management and senior staff in line with reforms that saw the farmgate cocoa price slashed by more than 28 percent last week. The pay cut is explained to be "in…
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Ghana will not be returning to the 32-year-old cocoa syndicated loan financing mechanism, moving to completely end its reliance on foreign capital to fund cocoa purchases in favor of a domestic bond-led model. Finance Minister Dr. Cassiel…
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Ghana has announced a 28.6 percent cut to farmgate cocoa prices as world market prices for the commodity continue to tumble. "Effective today, Thursday, 12 February 2026, the new producer price for the remainder of the 2025-2026 crop…
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The government of Ghana has approved emergency measures aimed at expediting payments to cocoa farmers across the country, Accra-based news portal Myjoyonline has reported. The move, a significant step to bail out Ghana Cocoa Board the…
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The Licensed Cocoa Buyers Association of Ghana (LICOBAG) has attributed the deepening crisis in the cocoa sector to what it describes as a flawed sales strategy by the Ghana Cocoa Board (COCOBOD), its trading arm, the Cocoa Marketing…
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