President John Dramani Mahama has called an emergency Cabinet meeting for Wednesday, February 11, 2026, to address escalating challenges in Ghana’s cocoa sector, following weeks of concern over delayed payments and financing gaps.
The meeting, announced by Minister for Government Communications Felix Kwakye Ofosu in a post on X, comes amid mounting pressure from farmers, Licensed Buying Companies (LBCs) and other industry actors over liquidity shortfalls in the cocoa value chain.
Industry groups, including the Licensed Cocoa Buyers Association of Ghana (LICOBAG), have warned that government must secure emergency financing to purchase an estimated 300,000 tonnes of cocoa beans through September to prevent a potential collapse of the market.
COCOBOD has acknowledged the funding crisis and is working with the Ministry of Finance on options, including a possible shift away from the long-standing syndicated loan model that traditionally financed cocoa purchases.
The cocoa sector has also been strained by dissatisfaction over the 2025/2026 farmgate price, with farmers warning that uncompetitive pricing could fuel smuggling and weaken incomes.
The Cabinet session is expected to focus on immediate interventions to secure financing, clear outstanding payments, and restore stability and confidence across the cocoa value chain.
