Felix Kwakye Ofosu, the Minister of State in charge of Government Communications, has announced that President John Dramani Mahama has called for an emergency cabinet meeting.
According to Felix Kwakye Ofosu, the emergency cabinet meeting is to address the crisis in Ghana’s cocoa sector.
He announced that the emergency cabinet meeting is scheduled for Wednesday, February 11, 2026.
In a social media post on Tuesday, February 10, 2026, on X, Felix Kwakye Ofosu stated, “President Mahama has called an EMERGENCY CABINET SESSION for tomorrow, Wednesday, 11th February, 2026, to address all issues affecting the Cocoa sector”.
Felix Kwakye Ofosu’s announcement follows reports that some Cocoa farmers are also contemplating smuggling the beans to neighbouring countries and selling off their lands to illegal miners at a time Ghana Cocoa Board races against time to rethink its financing scheme in cocoa purchases.
It will be recalled that the Minority last week called on the Mahama government to immediately pay Cocoa farmers, as they are not beggars.
According to the minority, COCOBOD currently owes LBCs more than GH¢10 billion for cocoa taken over, leaving the companies financially constrained.
Addressing journalists in Accra on Thursday, February, Ranking Member on Parliament’s Food, Agriculture and Cocoa Affairs Committee, Isaac Yaw Opoku stated, “As a result, farmers are being forced to sell their cocoa on credit, at heavy discounts, or return home with their produce unsold”.
“The reality is that farmers have not been paid for cocoa sold to the Mahama-led NDC government since November last year,” he stated.
“Cocoa farmers are not beggars. Paying them on time is an obligation,” Mr Opoku stressed.
Additionally, an agitated cocoa purchasing clerk has lamented over COCOBOD’s prolonged payment delays to cocoa farmers.
He described the situation as unprecedented in his 20 years of work.
According to the clerk, he purchased cocoa beans on behalf of Licensed Buying Companies (LBCs), but now farmers have been chasing him for their money due to months of unpaid arrears.
Speaking during the People’s Forum in Abuakwa South, the Cocoa purchasing clerk lamented, “From November till now, I can’t sleep. I have taken about 250 bags of cocoa from farmers, and they are always at my doorstep demanding their money.
In my 20 years as a purchasing clerk, I have never seen a situation where cocoa is bought, and the government cannot pay,” he said at a recent People’s Forum in Abuakwa South.
Meanwhile, COCOBOD CEO Randy Abbey has disclosed that the Board is working with the Ministry of Finance to settle arrears owed to cocoa farmers.
“We are looking at a model that does not tie our hands with respect to the collateralisation of the raw bean, because we want a funding structure that facilitates and supports value addition,” he said.
“Any financing structure that limits the Board’s ability to prioritise value addition will not be considered.”
“We pay our farmers a price of over US$5,000 per tonne, while cocoa is trading at just over US$4,000 per tonne on the international market,” he said.
See the post below:
President Mahama has called an EMERGENCY CABINET SESSION for tomorrow, Wednesday, 11th February, 2026, to address all issues affecting the Cocoa sector.
— Felix Kwakye Ofosu (@FelixKwakyeOfo1) February 10, 2026