The Ghana Cocoa Board (COCOBOD) has announced that it will not pursue a syndicated loan to finance cocoa purchases for the 2025/26 crop season, attributing the decision to the ongoing global shortage of cocoa beans.
Speaking in an interview on Citi FM on Monday, 4 August, COCOBOD's Head of Public Affairs, Jerome Kwaku Sam, stated unequivocally that the Board had not sought syndicated financing for the 2024/2025 season and had no intention of doing so this year either. "We're not doing syndication.
To be very honest, last year [2024], we didn't do syndication, and this year [2025], we're not doing syndication.
What has necessitated us not to do syndication is that we're experiencing a global shortage of the cocoa bean," he said.
