The Ghana Cocoa Board (COCOBOD) has announced that its Board of Directors will forgo sitting allowances for the remainder of the 2025/26 cocoa season as part of ongoing reforms within the sector. In a public notice, the Board stated that the decision is aimed at supporting efforts to reform Ghana’s …
Read More »COCOBOD to Audit Over 10,000 Staff Strength Amid Austerity Measures
The Ghana Cocoa Board (COCOBOD) has announced plans to undertake an internal audit of its staff strength to determine the exact number of employees on its payroll and assess their roles. The exercise is expected to establish whether the regulator’s workforce exceeds 10,000 and whether staff are appropriately assigned to …
Read More »COCOBOD Slashes Salaries, Tightens Spending Amid Revenue Strain
The Executive Management and Senior Staff of the Ghana Cocoa Board (COCOBOD) have announced salary reductions in response to ongoing liquidity challenges within the cocoa sector. In a press release dated Monday, February 16, 2026, COCOBOD stated that the pay cuts take immediate effect and will remain in place for …
Read More »COCOBOD Terminates Scholarship Scheme
The Ghana Cocoa Board (COCOBOD) has announced the termination of its longstanding scholarship program, attributing the decision to the implementation of the Free Senior High School (SHS) initiative by the government. In place of the scholarship scheme, COCOBOD has launched the Cocoa Board Education Trust, which will focus on providing …
Read More »Ghana Cocoa Board Increases Producer Price of Cocoa by 58.26%
In a bid to boost the income of cocoa farmers, the Government of Ghana, in consultation with stakeholders, has announced a significant increase in the Producer Price of cocoa for the remainder of the 2023/24 cocoa season. The Producer Price has been raised by 58.26%, from GH¢20,928 per tonne to …
Read More »COCOBOD Reportedly Buys 15 Computer Keyboards At Ghs4,500 Each To Increase Productivity Of Board Members
The Ghana Cocoa Board (COCOBOD) recently made headlines with its procurement of 15 keyboards at a price of Ghs 4,500 each, totaling Ghs 67,500. This move, aimed at enhancing board members’ productivity and comfort, comes amidst financial difficulties faced by COCOBOD. Last year, COCOBOD faced challenges with payment defaults on …
Read More »Cocobod Secures $200 Million from Cocoa Traders to Navigate Funding Delay in 2023/24 Season
Ghana’s Cocobod has reportedly secured a financial boost of $150 million to $200 million from cocoa traders to cover the funding gap caused by delays in obtaining a bank loan for bean purchases in the 2023/24 season. Typically, the industry regulator secures an international syndicated loan every September to finance …
Read More »CEO of COCOBOD Has Written an Open Letter to Mahama Over Comments on Prices of Cocoa
The Ghana Cocoa Board (COCOBOD) has strongly criticized former President John Dramani Mahama for his criticism of the government’s decision to raise the price of a cocoa bag to GH₵1,300. Mahama had called the government “insensitive” to farmers’ concerns, arguing that the increase was insufficient. In a statement issued on …
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