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We Are Working On Solutions To Pay Struggling Cocoa Farmers – COCOBOD
The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Dr Randy Abbey, says the regulator is urgently exploring measures to support cocoa farmers as they face mounting economic pressures.
Speaking on the current challenges within the cocoa sector, Dr Abbey acknowledged the difficult conditions confronting producers across the country, assuring that efforts are underway to provide relief.
“We know these are very difficult times for the farmers, and I can assure you, we are looking for solutions soon,” he stated.
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His comments come amid concerns over rising production costs, climate-related risks and funding constraints that have weighed on farmer incomes and output levels in recent seasons.
Dr Abbey indicated that COCOBOD is engaging key stakeholders, including government and industry players, to design interventions that will improve sustainability and strengthen support systems for farmers. While he did not provide specific timelines, he stressed that addressing farmer welfare remains a top priority for the Board.
Market watchers say any new measures could focus on improved financing structures, productivity support and policies aimed at stabilising the cocoa sector, which remains a major contributor to Ghana’s export earnings.
The assurance from COCOBOD comes at a time when many farmers are calling for stronger institutional backing to help them navigate rising costs and uncertainties in the global cocoa market.
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