Ghana Cocoa Buyers Owed $349 Million by COCOBOD, Cite Funding Concerns for New Season

Ghana's cocoa buyers are demanding approximately $349 million from industry regulator COCOBOD for the previous season's crop, ahead of the new crop year. The Chamber of Cocoa Marketers warns of a potential funding gap for upcoming purchases, as COCOBOD has struggled to secure financing since a syndicated loan arrangement failed in the 2023/24 season. This financial shortfall could impact Ghana's cocoa industry and global supply.