COCOBOD will soon issue commercial papers to raise approximately US$1 billion to fund cocoa bean purchases – Finance Minister

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd

Finance Minister Dr. Cassiel Ato Forson has announced that the Ghana Cocoa Board (COCOBOD) will soon issue commercial papers to raise about US$1 billion to finance cocoa bean purchases for the 2026/2027 crop season.

Speaking at the Ghana-UK Investment Summit 2026 in London, Dr. Forson said the move forms part of a new financing strategy aimed at reducing COCOBOD’s dependence on traditional offshore syndicated loans, which have become increasingly difficult to secure.

According to the Finance Minister, the transaction advisor for the deal has completed its work and submitted its report, paving the way for the issuance of the commercial papers in the coming weeks.

Source: newsthemegh.com