COCOBOD confirmed full nationwide deployment of the Ghana Cocoa Traceability System, positioning Ghana to comply with the EU Deforestation Regulation taking effect on 30 December 2026 and to supply cocoa that is traceable, legally produced and free from deforestation.

Ghana raised its cocoa producer price to GHS42,400 per tonne for the 2026/27 season, equal to 71.18 percent of realised gross FOB value, under the new Ghana Cocoa Board Act, 2026, and declared the season open. 

Ghana passed a new legal framework for its cocoa sector, guaranteeing farmers not less than 70 percent of the FOB price and mandating COCOBOD to regulate the value chain, strengthen producer pricing and promote greater local value addition. 

Ghana plans to acquire 200,000 hectares of land for cocoa cultivation as part of a broader strategy to boost production and address the sector’s recent decline.

Strong yields and favourable weather have boosted production prospects, but cocoa farmers warn that delayed payments are limiting their ability to harvest and market their crops effectively.  

Ghana reduced its cocoa producer price to reflect falling international market prices while introducing a new financing model to improve sector sustainability. The reforms aim to strengthen farmer payments, support buyers, and increase local cocoa processing.

On January 24, 2026, Access Bank Ghana and the International Finance Corporation signed a US$134 million risk sharing arrangement, backed by the Bank of Ghana, to strengthen liquidity for Licensed Buying Companies and support stability across Ghana’s cocoa value chain. 

Global cocoa prices have dropped below Ghana’s fixed farmgate rate, increasing financial pressure on COCOBOD and Licensed Buying Companies as they absorb the gap between market prices and guaranteed farmer payments. 

A World Bank affiliate has approved a US$300 million financing package to support farmer payments, enhance productivity, and strengthen the resilience of Ghana’s cocoa sector.