Parliament approves landmark COCOBOD reforms to strengthen cocoa sector

Parliament has approved the Ghana Cocoa Board (COCOBOD) Bill, 2026, paving the way for a major restructuring of Ghana's cocoa industry through a new governance framework, an alternative financing model and legal guarantees aimed at improving farmers' incomes and expanding local value addition.

According to him, the new legislation introduces a domestic financing framework that will enable the Board to mobilise local resources to purchase cocoa from farmers.

The passage of the Ghana Cocoa Board Bill, 2026, forms part of broader government efforts to revitalise the cocoa industry through improved financing, stronger corporate governance, enhanced value addition and measures designed to secure higher incomes for farmers while positioning the sector for long-term sustainability.