President of the Mankrong Cocoa Cooperative Farmers’ Association, Francis Teinor, has described COCOBOD’s latest disbursement as a major liquidity boost for the cocoa sector, saying it is expected to improve cash flows across the value chain, accelerate the settlement of outstanding payments, and restore confidence among farmers affected by the delays.
The Ghana Cocoa Board (COCOBOD) has released GH¢2.6 billion to Licensed Buying Companies (LBCs) to facilitate payments for cocoa purchases made across the country’s cocoa-producing regions.
Speaking to Citi Business News, Mr. Teinor welcomed the intervention, noting that the inflow of funds would help ease financial pressures on buying companies and ensure that farmers receive payments owed to them in a timely manner.
He stressed that timely remuneration is essential to sustaining cocoa production and protecting farmers’ livelihoods.
“We have been praying and working with COCOBOD for them to be able to release monies for payment of outstanding debts to our gallant cocoa farmers. Fortunately for us yesterday as I am speaking most of LBCs have confirmed to me that they have received payment from COCOBOD.
We are hoping that maybe by next week LBCs, will be able to pay all cocoa farmers. I think it is a good news. We are praying that going forward Google board will be able to secure funding for all produce,” Francis Teinor said.
The latest release by COCOBOD brings total disbursements to GH¢34.52 billion since the start of the 2025/26 crop season.
