Julius Adoko 
The Government of Ghana has announced plans to absorb $150 million in losses incurred by the Ghana Cocoa Board (COCOBOD), following a directive from Cabinet to commence immediate cocoa purchases nationwide.
According to the Ministry of Finance, the decision is aimed at stabilising the cocoa sector, protecting farmers’ incomes, and ensuring uninterrupted cocoa purchasing activities during the ongoing season.
The losses are said to have resulted from a combination of factors, including reduced cocoa output, rising operational costs, and the impact of global market pressures. Government intervention, officials say, has become necessary to safeguard the sustainability of Ghana’s cocoa industry, which remains a critical pillar of the national economy.
As part of the Cabinet directive, COCOBOD has been instructed to immediately resume cocoa purchases to prevent delays that could negatively affect farmers and disrupt the supply chain. The government’s assumption of the losses is expected to strengthen COCOBOD’s financial position and restore confidence among stakeholders in the cocoa sector.
The Finance Ministry assured that the move aligns with broader efforts by the government to support key export sectors, enhance foreign exchange earnings, and maintain Ghana’s position as one of the world’s leading cocoa producers.
Further details on funding arrangements and implementation measures are expected to be communicated in the coming days.
