Business News of Friday, 13 March 2026Source: www.ghanaweb.comIn 2019, the previous government under the New Patriotic Party (NPP) purchased farm tools valued at over $100 million for cocoa farmers. However, the tools have remained unused, gathering dust in warehouses of the Ghana Cocoa Board (COCOBOD), after farmers rejected them outright. He further criticised the management at the time for failing to renegotiate with producers after the rejection. COCOBOD assures farmers of no further cocoa price cuts“Ideally, after procuring the tools and having the farmers reject them, arrangements could have been made with the producers to renegotiate, perhaps return the tools or replace them with suitable ones. Meanwhile, in a separate development, COCOBOD has disbursed GH¢4.2 billion to Licensed Buying Companies (LBCs) to settle payments owed to cocoa farmers since November last year.

Source: GhanaWeb March 13, 2026 10:10 UTC