COCOBOD raises GH¢3.4bn as Cocoa Capital PLC lists inaugural commercial paper on GFIM

"The Domestic Cocoa Notes Programme represents a deliberate transition towards a cedi-denominated financing model that mobilizes domestic liquidity, reduces reliance on offshore borrowing and establishes a stronger connection between Ghana’s capital market and one of the country’s most important productive sectors," he said.

The inaugural issuance, known as Series 1 (Tranche 1), has been admitted to the Ghana Fixed Income Market (GFIM) of the Ghana Stock Exchange, marking a significant step in the development of a domestic financing framework for the cocoa industry.

It represents an important milestone in the evolution of Ghana’s cocoa-financing framework and demonstrates what can be achieved when public institutions, regulators, capital-market participants, professional advisers and domestic investors work together towards a shared national objective," he said.