COCOBOD’s shift to local market financing is the right move – BoG

He added that the Bank of Ghana expects the new approach to contribute to a more efficient and sustainable financing framework for cocoa purchases going forward.

Asiama said mobilising funds from the domestic capital market to finance cocoa purchases is a more sustainable approach than relying heavily on bank loans.

Johnson Pandit Asiama has endorsed the Ghana Cocoa Board's (COCOBOD) decision to replace its traditional syndicated loan with local market financing, describing the new approach as a positive reform that will strengthen the country's cocoa financing framework.