Wednesday, 11 Mar 2026
  • About us
  • Our policy
  • Blog
  • Contact
Subscribe
thepatriotnewsonline.com
  • Home
  • Politics

    It’s too early to predict Bawumia will lose 2028 election — Okraku-Mantey

    By Agyemkum Tuah

    Mahama’s use of his brother’s private jet for official duties unethical

    By Agyemkum Tuah

    NPP elders in Tarkwa-Nsuaem accuse former MP of trying to ‘hijack’ membership registration

    By Agyemkum Tuah

    Ghana may see fuel price increase despite adequate stock – Collins Adomako-Mensah

    By Agyemkum Tuah

    Those in opposition are not doing galamsey — NPP MP

    By Agyemkum Tuah

    Afenyo-Markin calls for review of AI-based aptitude tests in Security Services recruitment

    By Agyemkum Tuah
  • Business
  • Opinion

    Bali United recruit Milos Krkotic, ex-Montenegro national team players

    By Thepatriotnewsgh

    NPP delegates in Effiduase endorse Dr. Adutwum as party’s hope for victory

    By Agyemkum Tuah

    Pay us all arrears now or we shut down-ESPA cries to Mahama’s government

    By Agyemkum Tuah

    The Crushing Of The Up Tradition By The Akuffo-Addo Juggernaut: Part 1

    By Thepatriotnewsgh

    NPP releases revised voting centres ahead of Jan. 31 presidential primary

    By Agyemkum Tuah

    Breaking News: Ministers Dr. Omane Boamah and Ibrahim Murtala Mohammed Confirmed Dead in Military Helicopter Crash

    By Kwabena Adu Gyamfi
  • Health

    “I walk freely without arrest or intimidation despite NDC claims in opposition” — Former Health Minister hits back at critics

    By Agyemkum Tuah

    The Emerging Hemp Industry: Why Every Ghanaian Must Embrace It

    By Agyemkum Tuah

    Five days without water: Pollution of Tano river sparks fresh fears over illegal mining in Sunyani

    By Agyemkum Tuah

    Afenyo-Markin urges NDC government to complete Agenda 111 projects

    By Agyemkum Tuah

    “No-bed syndrome shows Ghana’s health system is broken” — Philimon Gyapong

    By Agyemkum Tuah

    “We don’t just need beds, we need systems” — Selormey on Ghana’s emergency care gaps

    By Agyemkum Tuah
  • Pages
    • About us
    • Our policy
    • Contact US
  • Health
  • Sports
  • World
  • Lifestyle
  • Travel
  • Health
  • Sports
  • World
  • Lifestyle
  • Travel
Font ResizerAa
thepatriotnewsonline.comthepatriotnewsonline.com
  • My Saves
  • My Interests
  • My Feed
  • History
  • Travel
  • Opinion
  • Politics
  • Health
  • Technology
  • World
Search
  • Home
  • Politics
  • Business
  • Sports
  • Opinion
  • Health
  • Travel
  • World
Have an existing account? Sign In
Follow US
© The Patriot News Network. All Rights Reserved.

Home » Bitter times for cocoa farmers as chocolate market slumps

AgricultureAgriculture and AgribusinessGeneral newsGovernance

Bitter times for cocoa farmers as chocolate market slumps

Thepatriotnewsgh
Last updated: March 10, 2026 9:39 pm
Share
SHARE

The price of chocolate bars has shot up across the world over the past year, meaning they can feel like a luxury – yet West Africa’s cocoa farmers have not been reaping the benefit. In fact, many are in a desperate state as they have not been paid for months.

“My husband fell sick, and I couldn’t get money to take him to the hospital. So he died at home,” 52-year-old Ghanaian cocoa farmer Akosua Frimpong told the BBC.

Following a surge in the cost of cocoa – the main ingredient of chocolate – in 2024, prices have since crashed.

Much of the world’s cocoa is produced in Ghana and the Ivory Coast, where state regulators set the price a year in advance. The recent price collapse has made their beans around 40% more expensive than international traders are willing to pay.

Prices have fallen for a variety of reasons, partly because a good harvest worldwide came at a time of lower demand. Because of the previous high prices, chocolate bars have become smaller, and chocolate makers have been using less cocoa.

The knock-on effect should mean that chocolate bars will eventually be less expensive, but it has left the cocoa industry in Ghana and the Ivory Coast in a mess.

Even when prices were high, West Africa’s cocoa farmers felt they were not benefiting from the world’s chocoholics.

Their farms are in remote areas deep in the jungle, with poor infrastructure; they live in villages with little access to electricity or running water.

The bright sunshine could not dissipate the heavy atmosphere of grief that loomed over the village of Suhenso in western Ghana when we visited last month.

Mourners squeezed into Frimpong’s home to pay their respects to her husband, Malik Boahen, who had died earlier in February after his neck began to swell up.

She did not have the money to get proper medical care for him – something she blames on the Ghana Cocoa Board (Cocobod), which licenses companies to buy the country’s crop for international sale at a set price.

As those companies have not been able to sell the cocoa this year, the farmers have been left out of pocket. Cocobod has stepped in to buy much of it to save the industry from collapse, but many farmers say they haven’t been paid.

“The money I was anticipating from my cocoa bean sales is currently inaccessible. I’m a widow now, and I don’t have anyone to support me,” said Frimpong.

The payment delay is thought to be affecting some 800,000 cocoa farmers – and it has had a knock-on effect on hundreds of thousands of rural livelihoods.

Last October, Cocobod set the amount to be paid to farmers at nearly $5,300 (£3,900) per tonne, but the price on the global market has fallen to well below this level.

The shortfall has added to the board’s debt, which now amounts to some $3bn.

In response to the financial difficulties, Cocobod officials took a pay cut in February: 20% for executive management and 10% for senior staff.

The board’s spokesperson, Jerome Sam, acknowledged that while there had been delays in farmers getting their money, payments were now being processed.

Cocoa accounts for about 7% of Ghana’s GDP, or national income, and the beans’ exports account for around 15% of the country’s foreign exchange earnings.

As a result, the health of the sector has a direct effect on the wealth of the country, and to help revamp it, the government has announced a raft of measures, including plans to process more of the crop in Ghana itself, rather than have the raw bean converted into chocolate and other products outside the country.

In order to resolve the current debt issue, Cocobod has now dramatically reduced the price it guarantees farmers to $3,500 a tonne, even though this is still above current prices.

Robert Addae, who has been farming the cash crop for 14 years, says this is not enough.

“The prices of farm inputs and implements remain the same, the cost of labour has not reduced, so the cut in cocoa prices will adversely affect us,” the 62-year-old farmer told the BBC.

On average, it costs around $1,000 to maintain an acre of cocoa farm in Ghana, and many farmers are concerned they might not be able to recoup their investment.

Nana Obodie Boateng Bonsu, president of the Concerned Cocoa Farmers Association, recognises that Cocobod faces challenges but suggests their pay cuts should go towards paying farmers.

“If they were reducing their salaries to add up to our cocoa prices, that would have been brilliant,” he told the BBC.

Neighbouring Ivory Coast, the world’s leading cocoa producer, has been hit by similar problems.

Sacks of beans have piled up in warehouses in the town of Bangolo in the west of the country as cocoa co-operatives struggle to sell to exporters.

The country’s equivalent of Cocobod – the Coffee and Cocoa Council – also guaranteed a price last year that is now way above the international price.

On Wednesday, Agriculture Minister Bruno Kone announced that the price paid to farmers would be cut in half in order to try and boost sales.

Before that announcement, Bahily Bakouli Issiaca, a member of the Bangolo cocoa co-operative, was concerned as he inspected hundreds of cocoa beans in his warehouse.

“More than 800 cocoa farmers give their beans to us to sell, but this year it has been very difficult to sell them,” he told the BBC.

“Lorries full of cocoa sacks have been parked here for almost 21 days now.”

The Coffee and Cocoa Council sets the price in the Ivory Coast and licenses a number of co-operatives and companies to export the dried beans.

“I harvested my cocoa and sent it to the village, but there’s no buyer. I don’t know how I’ll feed my 10 children or support their education,” Sella Aga Josiane told the BBC as she tended to her trees on a plot outside Bangolo.

The 38-year-old added that some of her children were sent home from school the week before because she could not pay their school fees.

“This crisis is tough for me.”

Ivory Coast was expected to have about 200,000 tonnes of cocoa awaiting buyers by the end of March if the current situation had persisted.

Ba Siba Fabrice, another cocoa farmer near Bangolo, said it was the worst situation he had experienced since he started farming cocoa as a teenager in 2012.

The 35-year-old feels the weight of responsibility as those he supports feel he has failed them.

“Today, there is no peace between my family and me because there is no more money. When there is no money in a household, there is no peace,” he said.

“We live through cocoa.”

Disclaimer: The content published on this website is for informational purposes only. The views, opinions, and positions expressed by individual authors or contributors are theirs alone and do not necessarily reflect those of [patriotnewsonline.com]. While every effort is made to ensure accuracy, [patriotnewsonline.com] does not assume any responsibility or liability for any errors, omissions, or outcomes resulting from the use of this information. Readers are advised to verify facts independently and seek professional advice where necessary.

Share this:

  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
Share This Article
Email Copy Link Print
Previous Article Kufuor proposes second house of Parliament made up of traditional leaders, professionals
Next Article Africa’s largest gold producer to introduce new royalty regime despite opposition from China and the US
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
XFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

Popular Posts

One dead, three injured in armed robbery attack on Metro Mass bus

A Metro Mass Transit bus traveling from Bunkpurugu to Tamale was attacked by armed robbers…

By Agyemkum Tuah

Discipline or discrimination? The debate on long hair in schools

Ghana’s Education Minister recently reiterated that Senior High School students are not permitted to keep…

By Agyemkum Tuah

Justice Torkornoo tears into A-G’s defence at ECOWAS Court

Former Chief Justice Gertrude Araba Esaaba Sackey Torkornoo has filed a formal reply at the…

By Agyemkum Tuah

You Might Also Like

General newsNewsPolitics

“Ghana has no single founder” – Dr. Palgrave Boakye-Danquah

By Agyemkum Tuah
General newsNewsPolitics

I was raised in a very politically aware family – NAPO

By Thepatriotnewsgh
General newsGovernanceNewsParty PoliticsPolitics

Bawumia travels to UK for Oxford event honouring an economist, Paul Collier

By Agyemkum Tuah
Breaking newsGeneral newsGovernanceNewsPolitics

EC declares NDC’s Prof. Alidu Seidu MP-elect for Tamale Central

By Agyemkum Tuah
thepatriotnewsonline.com
Facebook Twitter Youtube Rss Medium

About US

ThePatriotnewsonline.com: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Top Categories
  • World
  • Opinion
  • Politics
  • Tech
  • Health
  • Travel
Usefull Links
  • Contact Us
  • Advertise with US
  • Complaint
  • Privacy Policy
  • Cookie Policy
  • Submit a Tip

© The Patriot News Network.

All Rights Reserved.

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?