In a massive disclosure, COCOBOD has announced that more than GH¢620 million has been paid to Licensed Buying Companies (LBCs), sending ripples through Ghana’s cocoa industry. The staggering figure underscores the scale of operations and the crucial role LBCs play in supporting cocoa farmers across the nation.
Officials say the payments reflect ongoing commitments to transparency, fair trade, and timely compensation for stakeholders, while industry watchers are analyzing the implications for cocoa prices, farmer welfare, and export dynamics. Social media has erupted with discussions, with many praising the boost to Ghana’s cocoa sector while others question distribution efficiency.
With hundreds of millions moving through the cocoa chain, all eyes are on COCOBOD and LBCs as they shape the future of Ghana’s “golden crop.”
