Ghana lost nearly $941 million in a single cocoa trade deal after buying beans from farmers at $7,200 per tonne to settle pre-existing contracts priced at just $2,600 per tonne, Dr Peter Boamah Otokunor, a senior presidential official, has revealed. The staggering loss, he says, lies at the centre of the liquidity crisis that has left hundreds of thousands of cocoa farmers unpaid since November 2025. Dr Peter Boamah Otokunor, Director of Presidential Initiatives in Agriculture and Agribusiness at the Office of the President, explained the situation in an interview with JoyNews’ Gemma Appiah following field engagements with cocoa farmers in the Western Region, where many remain frustrated over delayed payments.
