Audio By Carbonatix
Cocoa farmers have accused some officials of the Ghana Cocoa Board (COCOBOD) of engaging in private cocoa buying activities that they say are undermining confidence in Ghana’s cocoa sector and distorting fair competition.
The concerns were raised by the Ghana National Cocoa Farmers Association (GNACOFA) during the signing of a strategic partnership agreement with the Produce Buying Company (PBC), aimed at supporting the recovery of the struggling cocoa purchasing firm and improving the welfare of cocoa farmers.
Speaking on behalf of the Association, GNACOFA President Stephenson Anane Boateng said persistent challenges such as cocoa smuggling, illegal mining on cocoa farms and delays in payments to farmers continue to threaten the sustainability of Ghana’s cocoa industry.
“There are concerns involving public officials, particularly within COCOBOD, engaging in private buying operations that undermine confidence in the sector,” he stated.
According to the Association, such practices are weakening transparency within the cocoa value chain while creating unfair conditions for legitimate market participants and farmers.
“These issues continue to distort Ghana’s cocoa business, disadvantage genuine cocoa farmers, and create opportunities for financial irregularities,” the group stressed.
The remarks come at a time when Ghana’s cocoa sector is facing declining production levels, liquidity challenges and increasing pressure on Licensed Buying Companies, all of which continue to affect farmer incomes and operations across the industry.
GNACOFA said its partnership with PBC is intended to restore trust in the cocoa business while helping reposition the company as a stronger and more dependable player within the sector.
“This partnership marks a significant milestone towards ensuring the sustainability of Ghana’s cocoa business while supporting the revival and restoration of PBC as a strong institution within the cocoa sector,” the Association noted.
Latest Stories
-
Version of AI tool ‘too powerful for public’ released to public
1 hour -
World’s largest chipmaker does not rule out price rises as costs increase
1 hour -
Ghana at the 2026 FIFA World Cup: Predictions and Realistic Chances
2 hours -
Chasing glory instead of governance – CDD boss says ministerial awards encourage dangerous competition
2 hours -
Video: Black Stars players jam to Black Sherif’s ‘Top of the Morning’ banger
2 hours -
GIISDEC to launch data centre to boost transparency and traceability
3 hours -
Best minister today, sacked tomorrow? – H. Kwasi Prempeh warns awards could undermine presidential authority
3 hours -
Ghana pushes private sector-led investment drive in West Africa’s gas sector
3 hours -
Energy Commission launches renewable energy champions challenge
3 hours -
You can’t question our track record – Big Events Ghana responds to ministerial awards controversy
3 hours -
Air Canada pilot accused of flying for 17 years without correct licence
3 hours -
ICC suspends top prosecutor after investigating misconduct allegations
4 hours -
Does referee case show FIFA has lost control of its own World Cup?
4 hours -
Williams rolls back the years on return at Queen’s
4 hours -
UK: Driving test booking rules tightened after thousands of no shows
4 hours