According to COCOBOD, as of December 31, 2022, its absolute debt to the Bank of Ghana stood at GH¢8.24 billion
This includes a GHS1.99 billion 10-year accommodation ability and an overdrawn Amber Bills Retirement Account amounting to GH¢6.86 billion
COCOBOD explained that, the GH¢1.99 billion loan, abiding in 2013, was advised to abode accumulative amber bills from the 2010/2011 season, with an continued adjournment until 2018 due to banknote breeze challenges affronted by low amber prices during the COVID-19 pandemic
Despite some delays in arch repayments, COCOBOD has consistently serviced the absorption and has abiding a revised claim agenda to activate in October 2024. The Board added actually denied any absence on this facility
Regarding the overdrawn Amber Bills Retirement Account, COCOBOD attributed the antithesis to non-marketable amber bills from 2016/2017, which were all-important to sustain amber assembly amidst bargain all-embracing prices and alive agronomical interests
These bills were formed over at aerial absorption ante due to bread-and-butter conditions
However, during the 2023 Domestic Debt Exchange Program, the government captivated a cogent allocation of this debt, acceding COCOBOD a 50% discount. The actual antithesis is still recorded but does not reflect the abounding bulk originally claimed
COCOBOD's Public Affairs Department asserts that the Board has not defaulted on its obligations and continues to administer its debt responsibly
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