Business News of Saturday, 20 December 2025Source: classfmonline.comThe Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Randy Abbey, has expressed deep concern over the inability of both cocoa farmers and COCOBOD to benefit from the unprecedented surge in global cocoa prices that lasted for about eighteen months. According to Abbey, despite the historic rise in world market prices, the period instead left cocoa farmers and the state cocoa regulator grappling with excessive debt. He lamented that global cocoa prices, which peaked around 12,000 dollars per tonne and hovered between 10,000 and 9,000 dollars at various points, are now on a downward trend. Abbey said both farmers and COCOBOD should have reaped substantial benefits during this period of high prices. Abbey made these remarks during a courtesy call on him by members of the Best Cocoa Farmers Association of Ghana, who had visited to engage management on issues affecting cocoa production and farmer welfare in the country.

Source: GhanaWeb December 20, 2025 10:56 UTC