The head of Ghana Cocoa Board (COCOBOD), Dr. Ransford Abbey, has responded to growing unease within the cocoa sector, acknowledging the mounting frustration among farmers facing delays in payments for their produce.
Speaking candidly at a press conference held at Cocoa House in Accra, Dr. Abbey explained that recent payment delays stem from a complex mix of liquidity challenges, constrained funding, and a slump in global cocoa prices—all of which have strained the Board’s cash flow and impacted its ability to pay farmers on time.
He recognized the hardship this poses for Ghana’s cocoa farmers, many of whom rely on prompt payments to support their families and plan for the next planting season. In his address, Dr. Abbey assured farmers that COCOBOD is actively implementing measures to resolve the issues, stabilize operations, and restore confidence in the system.
“We are aware of the difficulties this situation has created and are committed to supporting our farmers. We ask for your patience as we work to improve our financial position and ensure payments are made as soon as possible,” he stated.
Dr. Abbey further reaffirmed COCOBOD’s commitment to safeguarding the long-term welfare of Ghana’s cocoa farmers and ensuring the sustainable growth of the nation’s cocoa industry. He emphasized that protecting farmers’ livelihoods remains a top priority, even as the sector navigates ongoing global and financial pressures.
The press conference concluded with a call for unity and resilience, as Dr. Abbey encouraged all stakeholders to work together in overcoming the challenges currently facing Ghana’s cocoa sector.
Source: Apexnewsgh.com
