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Ghana Cocoa Board Ends 32-Year Reliance on Offshore Financing

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Joshua Worlasi Amlanu

Joshua Worlasi Amlanu is a seasoned business and financial journalist with a decade of expertise.
  • COCOBOD to fund cocoa purchases domestically for the first time in over three decades
  • Decision aims to save over $150 million in interest payments and stabilize the sector

Accra, Ghana – The Ghana Cocoa Board (COCOBOD) has announced a significant shift in its funding strategy, ending a 32-year practice of securing financing from international financial markets. Beginning with the 2024/25 crop season in September, COCOBOD will source funds domestically to purchase cocoa from farmers.

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