• Ghana’s Cocobod announces plan to fulfill 100,000 tons of delayed contracts during the 2025/2026 harvest.
• Production fell sharply in 2023/2024 due to bad weather, disease, illegal mining, and smuggling.
• New measures aim to revive output and restore confidence in Ghana’s cocoa sector
West Africa produces 70% of the world’s cocoa, with Ghana as the second-largest supplier after Côte d’Ivoire. The country is working to revive its cocoa industry after a historically low harvest in 2023/2024.
Cocobod, Ghana’s cocoa regulator, announced it will fulfill 100,000 tons of cocoa contracts that were postponed due to production setbacks. Ransford Abbey, Director General of Cocobod, made the announcement on June 26.
Last season, authorities sold more contracts in advance than they could deliver. Poor weather, the cocoa swollen shoot virus, illegal mining, and smuggling caused a sharp drop in output, forcing the deferral of 330,000 tons of contracts.
For the current 2024/2025 season, Cocobod has managed to deliver only 230,000 tons out of a harvest now forecast at 600,000 tons. Abbey said the outlook for 2025/2026 is brighter, with a new four-year plan expected to raise production above this year’s level.
Cocobod is rolling out reforms to curb illegal exports, distribute improved seeds, and rehabilitate farms hit by the swollen shoot disease. These measures aim to restore productivity and stabilize the sector.
However, analysts urge caution. Cocobod has repeatedly revised its output forecasts for 2024/2025, lowering estimates from 650,000 tons at the start of the season to 617,500 tons in December, and then to 600,000 tons by mid-June.
Meanwhile, the global market is bracing for a fourth consecutive cocoa deficit, as ongoing drought continues to hamper mid-crop yields in both Ghana and Côte d’Ivoire.
This article was initially published in French by Espoir Olodo
Edited in English by Ange Jason Quenum
• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...
Kenya tops African entries in 2025 IMD ranking at 56th globally. Botswana, Ghana, South Afric...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• Google unveils Veo 3, its latest AI tool for ultra-realistic video generation• Experts warn deepfa...
Mauritius is the most peaceful country in Africa for the 18th year in a row Sub-Saharan Afric...
• BOAD releases CFA10 billion ($17.8 million) to support Boungou and Wahgnion gold mines.• Burkina Faso acquired both mines in 2024 but has struggled to...
• Government plans to leverage TikTok’s popularity to promote its “One Million Coders” initiative. • STEM content on TikTok seen as key to engaging youth...
• The reason behind this adjustment has not been detailed• Investor will be looking forward the operation’s prospectus• The IPO would occur amid business...
This successful bond sale not only reinforces AXIAN Telecom’s financial strength but also signals growing investor confidence in African digital...
Lake Natron, located in northern Tanzania near the Kenyan border, is one of the most extraordinary and extreme lakes in Africa. Fed primarily by the Ewaso...
The Senegambian stone circles stand as one of the most remarkable archaeological legacies in West Africa, spread across parts of present-day Senegal and...