Ghana Cocoa Board

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. Besides, the higher quality hybrid seeds are sold by the organization and some research on cocoa plant-related diseases are also carried out.

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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