Instead, global cocoa prices declined, leaving COCOBOD with large volumes of unsold cocoa. Boafo also warned that paying farmers the current farmgate price under these conditions could push COCOBOD into severe deficits and potentially threaten its financial survival. Beyond market decisions, Boafo points to internal leadership tensions as another major contributor to the crisis. “The reality is simple as Buying cocoa at the current farmgate price under current market conditions pushes COCOBOD deeper into debt. He warns that the continued inability to resolve these challenges risks deepening hardship for cocoa farmers across the country.

Source: GhanaWeb February 04, 2026 11:29 UTC