PBC announces reopening of all buying centres; ready to clear excess cocoa beans  

After facing near-collapse and property seizures, Produce Buying Company (PBC) has announced the reopening of its buying centers nationwide.

The company says the resumption of its operations will restore confidence in the cocoa buying and processing sector.

This was revealed at a press briefing held in Accra on February 18, 2026.

“This marks a significant step in restoring confidence in Ghana’s cocoa sector and assuring our cherished farmers of secure, transparent, and timely payments”, Managing Director of PBC, Seidu Yonye, stated.

Under the directive, field staff have been engaged to remain at posts with all centers fully operational, reclaiming PBC’s role as a ‘buyer of last resort.

In a renewed commitment to farmers, Mr. Yonye assured that the new reforms announced by government will cushion farmers in the long run.

“Your efforts remain the backbone of Ghana’s economy and we are committed to supporting you through the period. He assured.

The announcement by PBC follows government’s move to reform and empower the state-owned bulk cocoa purchasing company.

Addressing the industry’s liquidity challenges, PBC said it is implementing a “transparent payment system accessible to COCOBOD and Banks to track fund drawdowns, utilization, cocoa deliveries, entitlements and arrears in real time”.

This new receivables-based structure is specifically designed to allow banking partners to finance cocoa purchasing and monitor the supply chain with far greater confidence.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.