The Produce Buying Company Limited (PBC) says it has secured a financing facility backed by 30 million credited cocoa stocks to pay farmers, an intervention believed to ease the financial pressure long weighing on cocoa producers across Ghana.
The move comes at a critical moment when several Licensed Buying Companies (LBCs) are grappling with severe cash constraints, resulting in delayed payments and growing frustration among farmers. For many cocoa producers, who rely on timely payments to sustain their households and reinvest in their farms, the delays have strained livelihoods and threatened productivity.
Speaking at the signing of a Memorandum of Understanding between PBC and the Ghana National Cocoa Farmers Association (GNACOFA), Deputy Managing Director in charge of Finance, Thomas Ayisi, described the facility as a turning point, not just for the company, but for farmers at the grassroots.
“This particular act of paying for farmers’ credited stocks is going to restore credibility and rebuild the trust at the grassroots, the very foundation of our sector. This happened because of the support of the Ghana National Cocoa Farmers Association.”
The financing arrangement is expected to inject much-needed liquidity into the cocoa supply chain, ensuring that farmers are paid promptly for their produce. By unlocking funds tied up in credited stocks, PBC is positioning itself to clear outstanding payments, an outcome that could help stabilise incomes and reduce anxiety among farmers who have endured months of uncertainty.
“This GNACOFA-backed facility which was supported by 30 million credited stocks is proof that PBC is not merely surviving but actively restructuring,” he said.
Beyond restoring trust, the initiative shows a sign of a broader effort to revive confidence in Ghana’s cocoa sector. For farmers, timely payments mean the ability to meet basic needs, invest in farm inputs, and prepare for the next production cycle steps that are essential to sustaining output in one of the country’s most vital industries.
