Accra, Feb. 25, – Cocoa Marketing Company (CMC) has launched bold strategies to fortify Ghana's cocoa industry against global market turbulence, including 50% local processing and pre-emptive high-price sales contracts.
Dr. Wisdom Kofi Dogbey, CMC Managing Director, detailed the rescue plan in a policy brief amid plunging international prices that forced COCOBOD to slash farmer payments to GH¢2,100 per 64kg bag (from GH¢3,625) for the 2025/26 season remainder.
CMC locked in 90% of projected volumes at 2024 peak prices, buffering revenues through Ghana's seasonal averaging mechanism. "Project Elevate" redirects beans to underutilised state firms like CPC and WAMCO for higher-value cocoa liquor/butter—no new capital required.
As COCOBOD's export arm, CMC aims to transform raw bean dependency into processing dominance, securing farmer incomes and export stability.
GHBUSS
25 Feb. 2026
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