Ghana’s cocoa farmers are expected to see a major boost in their earnings after parliament passes the Ghana Cocoa Board Bill, 2026, which allows them to receive not less than 70 per cent of the Free on Board (FOB) export price by the Ghana Cocoa Board (COCOBOD).
While presenting the aim of the bill under the Ghanaian Economic View in Parliament on July, 30, Deputy Finance Minister Thomas Nyarko Ampem said the legislation will empower the Ghana Cocoa Board as the statutory body responsible for regulating, overseeing and monitoring activities across the cocoa value chain.
He said the new Bill also mandates COCOBOD to support cocoa cultivation, undertake the buying, selling and export of cocoa, and promote value addition within the sector.
The legislation provides a clear legal structure for the Producer Price Review Committee and its associated technical framework, strengthening the process for determining producer prices, the Deputy Finance Minister explained.
“This bill is coming out with a new funding model, which will let COCOBOD source funding locally to purchase our cocoa beans from our hardworking farmers. This bill is introducing new arrangements that will make beans available for our local processing companies. 70% of the FOB price of cocoa will go to the farmers. The bill is to protect our cocoa farms and environment,” he said.
The Bill also seeks to tackle longstanding compliance and enforcement challenges within the cocoa industry by providing statutory backing for regulatory functions that have largely been implemented through administrative guidelines.
These include laws governing disinfestation procedures, quality inspections, service charges, cocoa take-over processes and certification requirements, which he said will now have stronger legal enforceability.
The Bill noted that the legislation also resolves governance and oversight inconsistencies that have seen COCOBOD move between different supervising ministries over the years.
It formally places COCOBOD under the supervision of the Ministry of Finance, giving legal effect to the government’s March 2025 policy directive transferring oversight from the Ministry of Food and Agriculture.
The Bill further seeks to create an enabling environment for public-private partnerships and increased local value addition to raw cocoa beans of at least 50% by encouraging collaboration with domestic and international partners, including initiatives involving the European Union, the World Cocoa Foundation and the Côte d’Ivoire-Ghana Cocoa Initiative.
It also introduces regulatory flexibility to support small-scale chocolatiers and cocoa by-products manufacturers, addressing operational barriers that have constrained domestic processing and innovation.
The legislation retains relevant provisions from existing laws governing internal marketing, quality control and licensing, while updating governance arrangements and repealing obsolete enactments, including N.R.C.D. 265 and A.F.R.C.D. 47.
The legislation also establishes a contributory Cocoa Farmers Pension Scheme and an Educational Trust Scheme to provide social protection for cocoa farmers and educational support for their children.
In addition, the Bill creates a Dispute Resolution Committee and a Cocoa Board Tribunal to adjudicate disputes relating to licences and other regulated activities within the cocoa sector, while preserving the right of aggrieved parties to appeal to the High Court.
The Bill, when passed into law, forms part of the government’s broader efforts to modernise Ghana’s cocoa sector, strengthen farmer welfare and improve the industry’s competitiveness and sustainability.
