Ghana Cocoa Board

Ghana Cocoa Board
Official logo
Agency overview
Formed1947 (1947)
TypeMarketing board
JurisdictionGovernment of Ghana
HeadquartersAccra, Ghana
Agency executive
  • Randy Annertey Abbey, Chief Executive Officer
Parent agencyMinistry of Finance and Economic Planning (Ghana)
Websitecocobod.gh

The Ghana Cocoa Board (COCOBOD) is a Ghanaian government-controlled monopsony institution that fixes the buying price for cocoa in Ghana. Farmers are protected from the volatile prices on the world market through the price-fixing. The board also sells high-quality hybrid seeds and carries out some research on cocoa plant-related diseases.

The institution, originally established in the colonial era, was known as the Cocoa Marketing Board between 1947 and 1979. 60% of Ghana's cocoa beans are sent to the UK. The Board's sole responsibility is to support production, marketing and processing of cocoa in the county.

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