Ghana’s licensed cocoa‑buying companies are reported to owe banks up to $750 million, raising concerns about mounting liquidity pressures in the sector. Samuel Adimado, President of the Licensed Cocoa Buyers Association of Ghana, says the debt burden has grown partly because Cocobod, the country’s cocoa regulator, has increasingly channelled funds into non‑core activities such as road construction. As a result, licensed buyers have had to rely more heavily on bank loans to pre‑finance cocoa‑bean purchases.


Innocent Semosa spoke to Stephenson Anane Boateng, President of the Ghana National Cocoa Farmers Association (GNACOFA).

Ghana&rsquo;s licensed cocoa‑buying companies are reported to owe banks up to $750 million, raising concerns about mounting liquidity pressures in the sector. Samuel Adimado, President of the Licensed Cocoa Buyers Association of Ghana, says the debt burden has grown partly because Cocobod, the country&rsquo;s cocoa regulator, has increasingly channelled funds into non‑core activities such as road construction. As a result, licensed buyers have had to rely more heavily on bank loans to pre‑finance cocoa‑bean purchases.
 Innocent Semosa spoke to Stephenson Anane Boateng, President of the Ghana National Cocoa Farmers Association (GNACOFA).

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Africa in Business

Ghana's licensed cocoa buyers owe banks up to $750 million, highlighting financial challenges in the industry

Ghana’s licensed cocoa‑buying companies are reported to owe banks up to $750 million, raising concerns about mounting liquidity pressures in the industry. Samuel Adimado, President of the Licensed Cocoa Buyers Association of Ghana, says the debt burden has grown partly because Cocobod, the country’s cocoa regulator, has increasingly channelled funds into non‑core activities such as road construction. As a result, licensed buyers have had to rely more heavily on bank loans to pre‑finance cocoa‑bean purchases.


Innocent Semosa spoke to the Economist and CEO of the innovation hub Agrico Hub, George Antwi‑Boasiako.

Ghana&rsquo;s licensed cocoa‑buying companies are reported to owe banks up to $750 million, raising concerns about mounting liquidity pressures in the industry. Samuel Adimado, President of the Licensed Cocoa Buyers Association of Ghana, says the debt burden has grown partly because Cocobod, the country&rsquo;s cocoa regulator, has increasingly channelled funds into non‑core activities such as road construction. As a result, licensed buyers have had to rely more heavily on bank loans to pre‑finance cocoa‑bean purchases.
 Innocent Semosa spoke to the Economist and CEO of the innovation hub Agrico Hub, George Antwi‑Boasiako.

Cocoa industry debt raises concerns about mounting liquidity pressures in the sector

China’s lithium prices have surged after Zimbabwe suspended exports of all raw minerals and lithium concentrates with immediate effect. The export ban has raised concerns about the stability of global raw‑material supply at a time when expectations of a boom in energy‑storage systems have driven a strong rally in lithium prices since the second half of 2025.


Zimbabwe is Africa’s largest lithium producer and exported 1.128 million tonnes of spodumene concentrate in 2025, an increase of 11% from the previous year, with the bulk of shipments destined for China.
Innocent Semosa spoke to Independent Policy Researcher and Political Economist Kevin Tutani.

China&rsquo;s lithium prices have surged after Zimbabwe suspended exports of all raw minerals and lithium concentrates with immediate effect. The export ban has raised concerns about the stability of global raw‑material supply at a time when expectations of a boom in energy‑storage systems have driven a strong rally in lithium prices since the second half of 2025.
 Zimbabwe is Africa&rsquo;s largest lithium producer and exported 1.128 million tonnes of spodumene concentrate in 2025, an increase of 11% from the previous year, with the bulk of shipments destined for China. Innocent Semosa spoke to Independent Policy Researcher and Political Economist Kevin Tutani.

China’s lithium price surges as Zimbabwe suspends exports of all raw minerals and lithium concentrates

South Africa’s Finance Minister, Enoch Godongwana, earlier tabled his 2026/27 Budget against a more favourable backdrop, with public finances reaching a turning point and stabilising for the first time in 17 years.


Addressing Parliament, Minister Godongwana said the National Treasury is making headway in narrowing the budget deficit to 4.5% of GDP for the 2025/26 financial year. Innocent Semosa spoke to Anri Brink, Investment Analyst at Absa.

South Africa&rsquo;s Finance Minister, Enoch Godongwana, earlier tabled his 2026/27 Budget against a more favourable backdrop, with public finances reaching a turning point and stabilising for the first time in 17 years.
 Addressing Parliament, Minister Godongwana said the National Treasury is making headway in narrowing the budget deficit to 4.5% of GDP for the 2025/26 financial year.&nbsp;Innocent Semosa spoke to Anri Brink, Investment Analyst at Absa.

Ghana's licensed cocoa buyers owe banks up to $750 million, highlighting financial challenges in the industry

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