• 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
• New system will link banks, fintechs, and mobile operators in a single platform• Real-time transfe...
Starlink lost 2,000 Kenyan users in Q1 2025, dropping to 17,066, as local ISPs grew 8%. High...
Abdul Samad Rabiu is now the richest investor on NGX, with ₦15.23 Trillion in BUA Foods and Cement...
President Bola Tinubu signs NIIRA 2025, replacing the 2003 insurance law. The law raises capi...
Symbion pledges $700 million for 140 MW methane plant on Lake Kivu. Investment is, however, ...
MTN and SANTACO signed a reseller deal on 13 Aug 2025. Gauteng taxis gain MTN data, ICT, fintech tools first. Future pilots will add IoT tracking and...
• AFG Holding completes acquisition of Société Générale Guinée as part of regional growth plans.• The deal keeps all existing customer services and staff...
• GDP growth will ease to 3.5% in 2025 from 3.7% in 2024 and below the 3.8% forecast.• Drought-hit livestock sector and weak diamond demand weigh on...
• Gabon’s economy grew 3.1% in 2024 despite a heavy debt load at 73.4% of GDP.• The country needs $1.18 billion annually to fund infrastructure,...
In the heart of the Malian city of Djenné, the world’s largest mud-brick building dominates the skyline: the Great Mosque. First built in the 13th...
• Tekken unveils "Miary Zo," a Malagasy female fighter who practices Moraingy, a traditional martial art.• She is the second African character in the...