The Ghana COCOBOD has announced that it will not for the first time in three decades raise money through offshore syndicated loan to finance the purchase of cocoa beans for the 2024/2025 crop season. Targeting about 650,000 metric tonnes of cocoa beans for the season, COCOBOD said it will be able to finance the purchase from its internal operations. Speaking at a press briefing, Chief Executive, Joseph Boahen Aidoo said there is an elaborate plan to wean COCOBOD off loans with high interest rate from offshore lenders. He emphasized that it is not financially prudent for COCOBOD to continue relying on loans from international banks, when it has the capacity to directly raise money from the country at a relatively cheaper rate to buy the beans. "For the first time in the history of Ghana COCOBOD, we want to wean COCOBOD off from offshore syndication. We want to be self-financing.