COCOBOD CEO Joseph Boahen Aidoo The assertion by the Minority Caucus that the International Banks have rejected the Ghana Cocoa Board's request and that COCOBOD was 'chased away' from the market is false, the Ghana Cocoa Board (COCOBOD), has said. COCOBOD argued that syndicated banks submitted term sheets in response to its earlier Request for Proposals (RFP) for consideration. "Indeed, notwithstanding our intentions to wean off syndicated transactions, we still have committed contracts that need to be fulfilled through the syndicated process," it said in a statement reacting to the Minreoty's claim. The Minority in Parliament had raised concerns over COCOBOD's financial health, claiming that international banks have rejected the organisation's request for a loan to purchase cocoa for the 2024/2025 crop season. The Minority, in a statement signed by its leader, Dr Cassiel Ato Forson, argued that the refusal of the loan request highlights the mismanagement and poor financial decisions that have plagued COCOBOD in recent years. They noted that COCOBOD has traditionally relied on offshore syndicated loans to finance the purchase of cocoa beans, but the rejection by international banks this time around points to a loss of trust in the organisation's ability to manage its finances effectively.