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To handle the Cocoa problem, Mahama convenes an urgent cabinet meeting.

Tue, 10 Feb 2026 Source: Malik Samira

To address the deteriorating situation in Ghana's cocoa industry, President John Dramani Mahama has summoned an emergency cabinet meeting for Wednesday, February 11, 2026. On Tuesday, February 10, 2026, Felix Kwakye Ofosu, the Minister of State in charge of Government Communications, posted on Facebook to announce the meeting.

The action was taken in response to growing worries about cocoa growers' unpaid invoices and the industry's overall financial strain. The Ghana Cocoa Board (COCOBOD) and the government have been urged to act immediately to stabilize the industry by the minority in parliament, which has frequently raised alarms about the situation. Recipes for Ghanaian cuisine

The government and COCOBOD have come under fire from Isaac Yaw Opoku, the Ranking Member on Parliament's Food, Agriculture and Cocoa Affairs Committee, for their failure to compensate Licensed Buying Companies (LBCs), a delay that has left many farmers without payment for several months. He said that more than GH¢10 billion is currently owing to LBCs, which buy cocoa beans for COCOBOD. This limits the firms' capacity to compensate farmers and jeopardizes the sustainability of cocoa buying operations. Farmers all around the country are angry about the payment delays, and some are demanding that the arrears be paid immediately.

Cocoa farmers have also voiced their displeasure with COCOBOD's promises to resolve the matter, and they are pleading with the board to fulfill its commitments and make payments as soon as possible.COCOBOD has responded to the problem by stating that it has started paying LBCs so they can pay farmers who still owe them money. In order to achieve long-term stability, the board is also looking at new financial arrangements. It is anticipated that government actions to alleviate the liquidity issues in the cocoa value chain will be the main topic of the emergency cabinet meeting.

Source: Malik Samira