The Ghana Cocoa Board (COCOBOD) has settled coupon payments worth GH¢2 billion to investors holding its restructured cocoa bills.
Joy Business understands that the payments were made on Monday, September 1, 2025. Following the Domestic Debt Exchange Programme, the bills were converted into bonds, with commercial banks being the most affected institutions.
Sources indicate that COCOBOD has assured investors it will honour coupon payments of about GH¢1.9 billion due in 2026 and 2027, as well as the principal, on schedule. The restructuring was facilitated by some local banks acting as transaction advisors.
In recent months, COCOBOD has taken steps to clean up its books, clear outstanding debts, and strengthen its financial position to support cocoa purchases. These efforts are reportedly yielding results, particularly in debt settlement with suppliers.
Market analysts believe the restructuring could help COCOBOD secure fresh funding at lower rates, boosting its capacity to purchase cocoa beans for the next crop season and improving its credit rating.
COCOBOD Chief Executive, Dr. Randy Abbey, told Joy Business he is committed to placing the institution on solid financial footing by the end of the administration’s first term.
Meanwhile, Bank of Ghana Governor, Dr. Johnson Asiama, disclosed that COCOBOD is expecting over $4 billion in inflows from buyers under a new pre-financing deal. The facility is expected to support cocoa purchases for the upcoming season and bolster Ghana’s international reserves as well as the stability of the cedi.
Source: Joy Business
