Ghana passes new COCOBOD Bill, guarantees farmers 70 percent of export price

Parliament passed the Ghana Cocoa Board Bill, 2026, paving the way for major reforms in the cocoa sector, including a guarantee that farmers will receive not less than 70 percent of the Free on Board (FOB) export price. Presenting the Bill on Thursday, 30 July, Deputy Finance Minister Thomas Nyarko Ampem said the legislation establishes COCOBOD as the statutory body responsible for regulating, overseeing and monitoring activities across the cocoa value chain. The Bill mandates COCOBOD to support cocoa cultivation, undertake the buying, selling and export of cocoa, and promote value addition within the sector. It provides a clear legal framework for the Producer Price Review Committee and its technical structures, strengthening the process for determining producer prices. The legislation also creates an enabling environment for partnerships and increased local value addition, and introduces regulatory flexibility to support small scale chocolatiers and cocoa by products manufacturers.