The Ghana Cocoa Board (COCOBOD) has released GH¢2.6 billion to Licensed Buying Companies (LBCs) to facilitate payments to cocoa farmers across all producing regions.
According to an official press release issued on Tuesday, July 2, 2026, a significant portion of the newly released funds will directly target outstanding institutional debts. Specifically, approximately GH¢1.4 billion from this disbursement has been earmarked to clear the remaining balances that LBCs owe to farmers who previously supplied cocoa on credit terms.
This new injection brings total seasonal disbursements to unprecedented heights. Since the inception of the 2025/26 Crop Season, COCOBOD has paid a cumulative sum of GH¢34,523,447,255.64 to LBCs for onward payment to growers.
To ensure the funds reach their intended beneficiaries without delay, COCOBOD stated that it has instituted rigorous monitoring mechanisms to track the payment process.
Management also assured the public that no farmer who legitimately sold cocoa through the approved state channels will be denied their rightful earnings.
COCOBOD further encouraged growers with unresolved outstanding balances to immediately engage the respective LBCs through which they traded their produce.
The state regulator expressed profound appreciation for the patience, resilience, and understanding shown by cocoa farmers during what it described as a “challenging period.”
The board emphasized that the massive financial release is an indication of the government’s broader commitment to safeguarding agricultural welfare and preserving the operational integrity of Ghana’s cocoa industry.
Read the full statement below:
