New COCOBOD legal regime to boost farmer income: 32-Year syndicated loan model to end — CEO

At the launch of the Chamber of Cocoa Marketers in Accra last Thursday, Dr Abbey said the new bill and the accompanying funding model were designed to guarantee 70 per cent of gross Free on Board (FOB) to farmers, ensure liquidity for crop purchase, and promote domestic value addition.

Mr Adimado said the move was necessary following the enactment of a new cocoa bill which had changed the dynamics of the entire cocoa value chain.

He stated that the new bill was key to ending decades of financial and pricing challenges the cocoa sector had faced over the years.