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Ghana’s Cocoa Farmers Report No Payments Since November 2025 Amid Financing Challenges

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Cocoa farmers across Ghana are voicing deep frustration over prolonged payment delays, with many reporting no receipts for beans sold since November 2025.

The situation, they say, is forcing hardship in meeting daily needs and raising fears of increased smuggling.

Farmers interviewed by JoyNews Research in various producing regions described the situation as unprecedented. One farmer stated:

“We are yet to receive payment for beans sold since November last year. This is the first time I have experienced such a long delay.”

Another noted that some licensed buying companies have become unresponsive, with phones switched off and no clear timelines provided.

Ghana set the 2025/2026 farmgate price at GH¢48,000 per metric tonne (about $4,640) in October 2025—a 12% increase—but international cocoa prices hover around $4,700 per tonne, squeezing margins. The shift to a trader-led pre-financing model for the season has contributed to the crunch: traders have been reluctant to pay the required 60%+ deposits on forward contracts, leading to unsold stockpiles and funding shortfalls.

Under the current system, licensed buying companies purchase from farmers and sell to COCOBOD, which then markets to international buyers. The old syndicated loan model faltered after 2023/2024 due to high interest rates and default concerns. Industry sources indicate the government has stepped in for funding, but delays persist.

Cocoa export earnings have surged to nearly $4 billion this season—the highest post-COVID—yet farmers bear the brunt.

Experts warn prolonged delays could exacerbate smuggling losses (estimated 100,000–150,000 tonnes annually) and impact next season’s production.

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Ghana Nears Approval of Cannabis Licences as Country Prepares to Launch Regulated Industry

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Accra, Ghana – Ghana’s Narcotics Control Commission (NACOC) is in the final stages of reviewing applications for cannabis licences, with successful applicants expected to receive approval to begin operations soon, marking a significant milestone in the country’s efforts to develop a legal and regulated cannabis sector.

Deputy Director-General for Enforcement, Control, and Elimination, Alexander Twum-Barimah, disclosed this while speaking at the Kwahu Business Forum on Saturday.

He emphasised that the review process has been “thorough and deliberate” to ensure that only applicants who fully meet all legal, regulatory, and security requirements are granted licences. NACOC officials engaged with potential investors at the forum’s exhibition stand, providing details on various licence categories, including cultivation, processing, distribution, and export.

Mr Twum-Barimah stressed that the commission is committed to building a properly regulated industry that creates legitimate economic opportunities while maintaining strict controls to prevent misuse and illegal activities.

“The goal is to strike a balance between enabling economic development and safeguarding public health and security,” he said.

All licence holders will be subject to ongoing monitoring and compliance checks.

The development signals Ghana’s intention to harness the economic potential of cannabis through job creation, investment, and export revenue, while aligning with international best practices in regulation. Further updates on the licensing process are expected in the coming weeks.

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3 Things Ghana is Doing to Reduce Fuel Prices Amid Global Uncertainty

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Accra, Ghana – As global oil prices continue to surge due to the ongoing Middle East conflict, the Ghanaian government has announced immediate and practical measures aimed at cushioning citizens from the impact of rising fuel costs.

Following an emergency Cabinet session chaired by President John Dramani Mahama, the government outlined three key interventions focused on direct price relief, affordable public transportation, and cutting unnecessary government expenditure on fuel.

Here are the 3 major steps Ghana is taking:

1. Suspension of Selected Taxes and Margins on Fuel

Ministers of Finance and Energy have been directed to suspend certain taxes and margins in the next fuel pricing window. This temporary reduction, which will last for four weeks (subject to review based on developments in the Middle East and global crude prices), is expected to ease the burden on consumers and transporters.

2. Massive Expansion of Affordable Metro Mass Transit Buses

The Minister for Transport has been tasked with fast-tracking the deployment of 100 newly acquired Metro Mass Transit buses onto high-traffic routes across the country. These state-owned buses will maintain significantly lower fares compared to private operators, offering citizens a cheaper and more reliable alternative for daily commuting.

3. Strict Enforcement of Ban on Fuel Allocations for Government Officials

All Ministers and senior government appointees have been reminded to strictly comply with President Mahama’s earlier directive cancelling fuel allocations and allowances. This move is aimed at reducing government expenditure on fuel and demonstrating leadership in belt-tightening during these challenging times.

These interventions form part of the government’s broader strategy to protect the economy and citizens from external shocks while hoping for de-escalation in the Middle East conflict.

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Upcoming Super El Niño Threatens to Worsen Global Food Crisis Amid Iran Conflict

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Climate scientists and food security experts are warning that a powerful “super El Niño” expected later in 2026 could significantly intensify global food price pressures already heightened by the ongoing Middle East conflict involving Iran.

According to US meteorologists, there is roughly a one-in-three chance of a strong El Niño forming between October and December, while European models suggest an even higher probability of an exceptionally strong event.

A “super El Niño” occurs when sea surface temperatures in the eastern Pacific rise at least 2°C above normal. This phenomenon typically triggers extreme weather patterns, including severe droughts in key agricultural regions, which can sharply reduce crop yields for commodities such as cocoa, rice, sugar, food oils, coffee, bananas, and soy.

The timing is particularly concerning because the Iran conflict has already disrupted global fertilizer supplies and shipping routes through the Strait of Hormuz, driving up costs for fuel and agricultural inputs. Analysts say the combination of war-induced supply shocks and El Niño-driven weather extremes could create a “double squeeze” on food production and prices. The United Nations World Food Program has cautioned that prolonged conflict and elevated oil prices could push the number of acutely food-insecure people globally significantly higher.

Dawid Heyl of Ninety One noted that while the Russia-Ukraine war affected food markets, the current situation is more worrying due to its direct impact on fertilizer production and availability.

He warned that overlapping negative factors — geopolitical disruption and strong El Niño conditions — could prove especially damaging for vulnerable countries in Africa, India, Australia, Brazil, and Argentina.

Experts state that long-term resilience will require greater investment in climate adaptation, diversified supply chains, and international cooperation to protect global food security as geopolitical and climate risks increasingly intersect.

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