The Ghana Cocoa Board (COCOBOD) banned Licensed Buying Companies (LBCs) from purchasing cocoa beans from farmers on credit. The regulator will revoke the operating licenses of any LBC that violates this directive.
This policy shift directly impacts the operations of major processors, including the Cocoa Processing Company.
The directive forms part of broader reforms to improve liquidity and enforce payment discipline across the supply chain. These changes precede a new financing model for cocoa purchases starting in the 2026/27 crop season. The upcoming model aims to ensure sufficient and timely funding for all procurement activities.