Ghana news briefing
COCOBOD says $1.4bn domestic funding is a strategic shift, not market exclusion
4 billion from domestic investors to finance cocoa purchases for the 2026/2027 season is the result of being shut out of international financial markets.
COCOBOD subsequently decided to reduce its dependence on international financing and explore domestic sources of funding for cocoa purchases.
The new funding plan follows the collapse of COCOBOD’s decade-old syndicated loan arrangement with international banks during the 2023/2024 cocoa season, as well as the failure of a separate arrangement involving international trading houses to pre-finance cocoa purchases last season.
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