COCOBOD Bill: Will the Mandatory 70% Guarantee Deliver a Better Deal for Cocoa Farmers?

The proposed COCOBOD Bill seeks to guarantee cocoa farmers a minimum of 70% of the gross Free-On-Board (FOB) price through an automatic producer price adjustment mechanism linked to world market prices, exchange rates and other key variables. The legislation forms part of wider cocoa sector reforms aimed at improving transparency, ensuring fairer returns for farmers and strengthening the long-term sustainability of Ghana's cocoa industry. While many see the bill as a major step towards protecting farmers' incomes, questions remain over whether it will deliver lasting benefits amid volatile global cocoa prices and the sector's financial challenges. #mattersarising