Ghana Cocoa Industry in Crisis as PBC Lays Off Workers and Nears Bankruptcy Despite High Cocoa Prices

• John Kwakye said COCOBOD CEO should be fired if he approved cocoa imports while Ghanaian processor PBC struggles • PBC reduced staff from 3,000 to under 1,000 in 2023 due to financial challenges • Cocoa Processing Company also nearing bankruptcy • Cocobod unable to benefit from high cocoa prices after collateralizing most output • GhanaWeb and Korle-Bu Hospital pushing for organ donation/transplantation legislation