The government has approved emergency measures aimed at expediting payments to cocoa farmers across the country, following a lengthy Cabinet meeting on Tuesday to address the ongoing liquidity crisis in the sector.

Minister of State in charge of Government Communications, Felix Kwakye Ofosu, announced that the Cabinet has also endorsed what he described as "the most far-reaching reforms in the history of the cocoa sector," designed to shift Ghana's focus from exporting raw cocoa beans to value-added production.

The emergency intervention comes after farmers who delivered cocoa beans since November 2025 remained unpaid, with COCOBOD owing Licensed Buying Companies over GH¢10 billion in outstanding payments.

Speaking to the press after the emergency Cabinet session, Kwakye Ofosu revealed that the reforms are designed to achieve substantial growth in domestic cocoa processing.

"We have just concluded a lengthy cabinet meeting, which was an emergency session that discussed the cocoa sector and matters arising there. And at the end of the emergency session, decisive measures have been agreed upon regarding expedited payments of cocoa farmers, regarding the implementation of the most drastic reforms in the cocoa sector," the Minister stated.

According to Kwakye Ofosu, comprehensive restructuring will be undertaken at COCOBOD to enhance efficiency, transparency, and effective management of the sector.

The Minister for Finance is expected to address the nation on Wednesday at 11:00 a.m., where he will outline the detailed implementation plan and financial framework for the reforms.