From October 2025, the World Market Price of cocoa began to drop. While the price was declining, COCOBOD continued to sell the beans until the price fell below US$6,400 per tonne, which is the cost of transporting cocoa from the farmer to the port. #AtoForsonSpeaksOnCocoa

Variations in crop forecasts typically vary between 5% to 15%. Hence, a deviation of 45% was unprecedented. This resulted in huge rollover contracts of 333,767 tonnes at an average price of US$2,661 per tonne. #AtoForsonSpeaksOnCocoa

#AtoForsonSpeaksOnCocoa

#AtoForsonSpeaksOnCocoa

#AtoForsonSpeaksOnCocoa

#AtoForsonSpeaksOnCocoa

#AtoForsonSpeaksOnCocoa

As announced in the 2026 Budget, Government of Ghana has secured a US$500 million World Bank facility to construct agriculture roads, including roads in cocoa growing areas. #AtoForsonSpeaksOnCocoa

#AtoForsonSpeaksOnCocoa

#AtoForsonSpeaksOnCocoa

The world market price has dropped significantly from an average of US$7,200 per tonne to US$4,100 per tonne, making Ghana’s cocoa beans uncompetitive and creating liquidity challenges. #AtoForsonSpeaksOnCocoa

In 2024, COCOBOD could not pay the final tranche of the syndicated loan which was due in July 2024, and received a US$70 million bridge financing from the Ministry of Finance to avert a default. #AtoForsonSpeaksOnCocoa

To bring relief to unpaid cocoa farmers, Cabinet has directed COCOBOD to commence immediate payment of all affected cocoa farmers. #AtoForsonSpeaksOnCocoa

COCOBOD projected an output of 800,000 tonnes, and committed 786,672 tonnes in contracts in the 2023/24 crop season. However, actual production was 432,145 tonnes, a deviation of 45% from the projected output. #AtoForsonSpeaksOnCocoa

A cocoa farmer expressed his concerns with excitement and optimism following the new reforms announced by the Finance Minister in the cocoa sector. #AtoForsonSpeaksOnCocoa

Cocoa farmers in AAK express satisfaction over new measures announced by Finance Minister. #AbanPapaAba Ghana 🇬🇭