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Ghana's Cocoa Crisis: Farmers Face Delays and Price Cuts

3/20/2026

33 3 Full Breakdown

Summary

Story summary

Ghana's cocoa industry is in crisis as licensed buyers struggle to purchase beans.
The government cut the price by nearly 30% to 41,392 cedis ($3,797) per metric ton, above global prices around $3,200.
Farmers report payment delays, with some waiting four months.
Ghana Cocoa Board (Cocobod) disbursed 4.2 billion cedis ($385.32 million) to clear debts, but many farmers have not received funds.
Opposition lawmakers warn of further price cuts.

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Story summary

Ghana's cocoa industry is in crisis as licensed buyers struggle to purchase beans.
The government cut the price by nearly 30% to 41,392 cedis ($3,797) per metric ton, above global prices around $3,200.
Farmers report payment delays, with some waiting four months.
Ghana Cocoa Board (Cocobod) disbursed 4.2 billion cedis ($385.32 million) to clear debts, but many farmers have not received funds.
Opposition lawmakers warn of further price cuts.