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COCOBOD floats local bonds - Targets GH¢16bn annually to finance cocoa purchases

By GhanaSummary Newsroom1 min read
COCOBOD floats local bonds - Targets GH¢16bn annually to finance cocoa purchases

Ghana Cocoa Board (COCOBOD) will this month float commercial papers and bonds on the local market to raise funds to finance its operations, in a remarkable shift from the syndicated loan regime.

The Chief Executive Officer (CEO) of COCOBOD, Dr Randy Abbey, speaking at a media sensitisation programme on the new Ghana COCOBOD Bill, 2026, last Wednesday, said the company would float 270-day commercial bonds to finance the crop for the next five years.

The deferred debt on cocoa bills means COCOBOD has to pay GH¢26 billion every year for 2026, 2027 and 2028, which adds to the strain on the company’s finances.

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