No more referee-six tests for Ghana’s economic reset

The timing is unforgiving: the international cocoa price has more than halved, from about US$9,155 a tonne in June 2025 to US$4,272 in June 2026, with Ghana's realised price down 52% year-to-date to US$3,748, squeezing revenue that must also service COCOBOD's existing GH¢32 billion debt.

The review should throw light on the utilisation of the GH¢10 billion Big Push infrastructure bond and job numbers from the 24-hour economy programme, delivery, not plans.2 billion in seven-to-ten-year paper by year-end is the right instinct, a functioning yield curve is also a pricing benchmark for corporate paper, and First National Bank stands ready to support issuers and investors accessing it.