The Head of Public Affairs at the Ghana Cocoa Board (COCOBOD), Jerome Kwaku Sam, has announced that GHC237 million has been paid to cocoa farmers for 50,000 metric tonnes of cocoa.
The announcement comes amid a crisis in Ghana’s cocoa sector, where farmers have complained of delayed payments for several months.
In a Facebook post on Wednesday, February 18, Mr. Sam wrote, “I’m happy to report COCOBOD has started payment of the 50,000 metric tonnes. An amount of GHC237 million has been paid.”
The government recently introduced reforms, including a reduction in the producer price for the remainder of the 2025/2026 crop season. The new price has been adjusted to GH¢41,392 per tonne (GH¢2,587 per bag).
Authorities said the adjustment is intended to cushion farmers against falling global cocoa prices.
Meanwhile COCOBOD has revealed that it could save an estimated GH₵5 million monthly following salary reductions for its executive management and senior staff. The cuts — 20% for executive management and 10% for senior staff — took effect immediately and will remain in place for the rest of the 2025/2026 crop year.
The decision, announced in a press release dated Monday, February 16, 2026, is part of measures aimed at addressing liquidity challenges within the cocoa sector.
