Ghana Secures $134 Million for Cocoa Sector Stability Amid Liquidity Challenges

Ghana's cocoa sector has received a significant boost with a $134 million risk-sharing agreement between Access Bank Ghana PLC and the International Finance Corporation (IFC), aimed at alleviating liquidity issues faced by Licensed Buying Companies (LBCs). Signed on January 23, 2026, this initiative is crucial for ensuring the stability of the cocoa supply chain, particularly during the 2025/2026 crop season. The Second Deputy Governor of the Bank of Ghana, Mrs. Matilda Asante-Asiedu, emphasized the importance of LBCs for rural economies and national currency stability, noting that this funding supports not only commercial objectives but also broader economic priorities.

The agreement allows the IFC to absorb up to 50% of the risk on loans to eligible LBCs, enabling Access Bank to offer more competitive lending rates. This collaboration marks a significant shift from traditional state-led financing to a more private sector-driven approach, aligning with Ghana's goals of economic diversification. The initiative is expected to enhance the cocoa value chain and facilitate prompt payments to smallholder farmers, thereby supporting livelihoods and strengthening export earnings. Additionally, it coincides with improved economic indicators, including a January 2026 inflation rate of 5.4%, reflecting a recovery and renewed confidence in Ghana’s economy.