Parliament passes Ghana Cocoa Board Bill, 2026

The passage allows for major reforms in Ghana’s cocoa sector, including a guarantee that cocoa farmers will receive not less than 70 per cent of the Free on Board (FOB) export price by the Ghana Cocoa Board (COCOBOD).

Presenting the objectives of the Bill on the floor of Parliament on Thursday, July 30, Deputy Finance Minister Thomas Nyarko Ampem said the legislation sought to establish the Ghana Cocoa Board as the statutory body responsible for regulating, overseeing and monitoring activities across the cocoa value chain.

He explained that the Bill also mandates COCOBOD to support cocoa cultivation, undertake the buying, selling and export of cocoa, and promote value addition within the sector.

According to him, the legislation provides a clear legal framework for the Producer Price Review Committee and its associated technical structures, strengthening the process for determining producer prices.

“This bill is coming out with a new funding model, which will let COCOBOD source funding locally to purchase our cocoa beans from our hardworking farmers. This bill is bringing out new arrangements where the beans will be available for our local processing companies. 70% of the FOB price of cocoa will go to the farmers. The bill is to protect our cocoa farms and environment,” he said.