COCOBOD makes additional GHc854 Million Payment to licensed buying companies
19th February 2026
The Head of Public Affairs at the Ghana Cocoa Board (COCOBOD), Jerome Kwaku Sam, has announced an additional payment of GH¢854 million to Licensed Buying Companies (LBCs), bringing total disbursements to GH¢1.091 billion.
This follows an earlier payment of GH¢237 million for 50,000 metric tonnes of cocoa. The announcement comes amid ongoing challenges in Ghana’s cocoa sector, where farmers have reported delays in receiving payments for several months.
In a Facebook post on Thursday, February 19, 2026, Sam stated:
"COCOBOD this morning, 19th Feb, 2026 has made payment of GH¢854m, totalling GH¢1.091bn to LBCs."
The government recently implemented reforms in the cocoa sector, including a reduction in the producer price for the remainder of the 2025/26 crop season. The new price is set at GH¢41,392 per tonne, equivalent to GH¢2,587 per bag, with authorities explaining that the adjustment aims to protect farmers amid falling global cocoa prices.
Meanwhile, COCOBOD revealed it could save an estimated GH¢5 million per month following salary reductions for executive management and senior staff. Executives are taking a 20% pay cut, while senior staff will have 10% deducted from their salaries. The reductions, which took effect immediately, will remain in place for the rest of the 2025/26 crop year.
The decision, announced in a press release on Monday, February 16, 2026, is part of broader measures to address liquidity challenges within the cocoa sector.