Committee on Food, Agriculture and Cocoa Affairs meets Ghana Cocoa Board (COCOBOD)
Friday, 6th February, 2026
The CEO of COCOBOD (right) with Committee Chairman (left)
The Parliamentary Committee on Food, Agriculture and Cocoa Affairs, led by its chair, Hon. Godfred Seidu Jasaw(Dr.) has called on Ghana Cocoa Board (COCOBOD) to intensify public education and engagement with cocoa farmers and stakeholders. The Committee stressed the importance of clear and consistent communication to help industry players better understand the sector's challenges and the measures being implemented to address them.
The Committee recommended that Cocobod should consider announcing a competitive new producer price. This would help restore buyer confidence and encourage traders who have withdrawn from the Ghanaian cocoa market.
In addition, the Committee called for urgent reforms to the cocoa pricing system, to include possible deregulation developed in collaboration with the Ministry of Finance to make cocoa trading more attractive and also called for the fast-tracking of a new cocoa law that would make provisions for creating a sustainable financing and pricing regime and related matters.
He further urged Cocobod to be deliberate about developing an expanded local processing of cocoa beans to create a guaranteed market.
The committee commended Cocobod for making payment to the Licensed Buying Companies(LBCs) despite challenges from November 2025 to February 2026. Payments made were GHS 5.48 billion in November, GHS6.45 billion in December, GHS5.33 billion in January and GHS0.62 million in February, however the committee urged Cocobod to fast track outstanding payment to the LBCs and look out for reverse smuggling since cocoa beans are relatively cheaper in our neighboring countries.
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