By Prince Offeh
COCOBOD Settles Outstanding GH¢162m Cocoa Bill Obligations in Full | The Ghana Cocoa Board (COCOBOD) has paid GH¢162 million to individual holders of Cocoa Bills who did not participate in the government’s Domestic Debt Exchange Programme (DDEP), bringing an end to outstanding obligations that remained after the 2023 debt restructuring.
The payment, announced on Wednesday, July 15, fulfils the Board’s commitment to honour all legitimate debts owed to affected investors. Although COCOBOD intended to settle the obligations earlier, financial constraints delayed the process after the DDEP took effect.
However, the Board confirmed that it has now completed all outstanding payments. Consequently, beneficiaries have been urged to contact their respective fund managers to access their funds.
In its statement, COCOBOD thanked investors for their patience and understanding throughout the delay. The Board acknowledged their support and emphasised that clearing the debt is an important step toward rebuilding trust.
Moreover, COCOBOD reaffirmed its commitment to restoring confidence in its financial operations. It also pledged to strengthen its financial position while ensuring the long-term sustainability of Ghana’s cocoa industry.
The settlement comes at a crucial time as the Board works to improve its finances and reinforce confidence among investors. By clearing the GH¢162 million obligation, COCOBOD aims to demonstrate its commitment to meeting its financial responsibilities and supporting the stability of Ghana’s cocoa sector.
COCOBOD Settles Outstanding GH¢162m Cocoa Bill Obligations in Full | AviationGhana
