Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd
Ghana, the world’s second-largest cocoa producer, will from July start raising $1 billion of bonds for cocoa bean purchases in the 2026-27 harvest season, according to people familiar with the matter.
The local bonds will be in three tranches of about $330 million each, with the first slated for the middle of July, the second in December and the third by March of 2027, the people said, asking not to be identified as discussing confidential information.
Cocobod would fully pay off each tranche before the next issuance.
The bond plan comes as Ghana tries to rebuild the sector after cutting its farmgate cocoa price earlier in 2026.
The government wants a system where cocoa purchases are funded within the crop year and repayment is tied to sales proceeds.
The test will be whether local investors have enough appetite for the bonds after Ghana’s debt restructuring and recent stress in its financial system.
Source: newsthemegh.com