COCOBOD raises GH¢16.3bn on GSE - Proceeds to fund cocoa purchases, operations

He explained that the Domestic Cocoa Notes Programme represented a deliberate transition towards a cedi-denominated financing model that mobilised domestic liquidity, reduced reliance on offshore borrowing and established a stronger connection between Ghana's capital market and one of the country's most important productive sectors.

With them includes Dr Randy Abbey (2nd from right), Chief Executive, COCOBOD Cocoa financing evolution The Chief Executive of COCOBOD, Dr Randy Anertey Abbey, described the initiative as a defining moment in the evolution of Ghana’s cocoa financing framework, saying the new model would broaden the board’s financing options, mobilise domestic resources and establish a strong connection between Ghana’s fixed income market and the cocoa industry.

It is about taking advantage of the macroeconomic environment, the domestic capital market, broadening COCOBOD's financing options, diversifying funding risk and establishing a flexible platform capable of responding to the seasonal and long-term requirements of the cocoa industry," Dr Abbey added.