🇬🇭 Ghana’s Cocobod Faces $3 Billion Debt Crisis as Mid-Season Farmgate Price Cut Triggers Farmer Protests

Ghana’s cocoa sector is facing a deepening crisis after Cocobod, the state cocoa regulator, implemented a mid-season farmgate price cut of nearly 30%, sending farmers into the streets in protest. The move has exposed a $3 billion debt burden accumulated by Cocobod and is reported to be causing significant political damage to President John Mahama’s administration.

With cocoa output having roughly halved in recent years due to disease, climate pressures, and underinvestment, the Mahama government is facing a stark choice between radical reform of Cocobod or its dissolution, according to Africa Confidential.