Details are beginning to emerge, as to why the Ghana Cocoa Board (COCOBOD), is having difficulties getting this year's Cocoa Syndicated Loan from the European Banks. The Herald's information is that COCOBOD has among other things, failed to pay the final instalment of US$87 million of last year's Syndicated Loan to the international banks, leading to mistrust between the Ghanaian entity and European financial institutions. The International Banks, have lost confidence in Joseph Boahen Aidoo-led COCOBOD and the Akufo-Addo government. They are not ready to dish out their money, afraid that the government will divert the money into other things, especially to win an election, instead of buying and supplying cocoa beans. What is compounding the COCOBOD's troubles is President Nana Akufo-Addo's reported claim to some of the banks that the COCOBOD, was a private company, although the banks are aware that he had brought down his in-law; Emmanuel Ray Ankrah and made him, Deputy Chief Executive Officer (CEO) Finance & Administration, and he decides who gets paid when and how. "The current COCOBOD under Boahen Aidoo is seen by the European Banks as terribly dishonest", said a COCOBOD source, revealing that the European banks are also of some senseless procurements by the management sometimes at inflated cost hence finding it very risky to give the institution more money.