COCOBOD

Ghana’s cocoa regulator posted a major financial turnaround as higher cocoa purchases and sales lifted revenue, restored positive equity and improved key profitability indicators.

Farmers’ representatives say Ghana’s new cocoa legislation fails to address structural weaknesses and could prolong the country’s dependence on raw bean exports.

Ghana’s cocoa regulator faces mounting short-term obligations as inventories and payables rise, while plans emerge to restructure its debt and financing model.

The directive comes ahead of a new cocoa financing model that COCOBOD says will improve liquidity, speed up payments and support domestic processing.

COCOBOD has begun nationwide consultations to explain the new cocoa law while concerns grow over penalties for converting cocoa farms to other uses.