COCOBOD settles GH¢162million outstanding cocoa bill obligations to non-DDEP holders

The Ghana Cocoa Board (COCOBOD) has settled a long-standing financial burden, paying out a total of GH¢162 million in full settlement of outstanding obligations to individual holders of Cocoa Bills who chose not to participate in the government’s Domestic Debt Exchange Programme (DDEP).

The payment, confirmed in a press release issued by the Board’s Public Affairs Department yesterday brings to an end months of anxiety for thousands of individual investors whose funds had remained locked up since the implementation of the government’s sovereign debt restructuring exercise in 2023.

Meanwhile, the Bank of Ghana and the Securities and Exchange Commission are expected to monitor the payout process closely to ensure that fund managers seamlessly disburse the funds to the individual Cocoa Bill holders without further administrative bottlenecks.