Cocoa Crisis Deepens: Mahama Calls Emergency Cabinet Meeting
By Phalonzy - 11th February 2026
Ghana’s cocoa sector is experiencing slight Challenges as President John Dramani Mahama convenes an emergency cabinet meeting today to tackle the worsening crisis. The move comes amid mounting concerns over delayed payments to cocoa farmers and broader financial stress within the sector.
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The Minority in Parliament has repeatedly sounded the alarm over the situation, urging the government and the Ghana Cocoa Board (COCOBOD) to take urgent action to stabilise the industry.
Mr.Isaac Yaw Opoku, Ranking Member on Parliament’s Food, Agriculture and Cocoa Affairs Committee, criticised the government and COCOBOD for failing to reimburse Licensed Buying Companies (LBCs), leaving many farmers unpaid for several months.
Funds owed to LBCs now exceed GH¢10 billion, constraining their ability to pay farmers and threatening the viability of cocoa purchasing operations.
The payment delays have sparked frustration among farmers nationwide, with some calling for immediate settlement of arrears.
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COCOBOD has stated that it has begun making payments to LBCs to enable them to clear outstanding obligations to farmers. The board is also exploring new financing arrangements aimed at long-term stability .
The emergency cabinet meeting is expected to focus on government interventions to address the liquidity challenges in the cocoa value chain.
