Ghana must strengthen its capacity to mobilize domestic capital to finance economic growth and reduce its exposure to external financial shocks, President of the Ghana Association of Banks and Chief Executive of Stanbic Bank Ghana, Kwamina Asomaning, has said. He said domestic savings could provide a more sustainable source of funding for productive sectors if […]
The Ghana Standards Authority (GSA), Ghana Cocoa Board (COCOBOD), and representatives of Licensed Buying Companies (LBCs) convened for a strategic workshop to strengthen internal cocoa purchasing safeguards. The collaborative session served as a crucial reminder of stakeholder roles in ensuring transparency, equity, and fairness, as well as preventing malpractice across the cocoa supply chain. Opening […]
Cocoa farmers and traditional leaders in the Ashanti Region have expressed satisfaction with the Ghana Cocoa Board Act, 2026 (Act 1182), while acknowledging the rationale behind the producer price announced for the new cocoa season, despite their initial expectations of a higher price. The views emerged during the first phase of farmer and stakeholder engagements […]
Cocoa Capital PLC, a wholly owned subsidiary of Ghana Cocoa Board (COCOBOD), is raising up to GHS16.3 billion through the Domestic Cocoa Notes Programme to support cocoa purchases and strengthen the financial position of the cocoa sector. Of the aggregate financing target, GHS 14 billion will be issued via Commercial Paper (CP) to fund short-term […]
The Chief Executive of COCOBOD, Dr. Ransford Abbey, and his Deputy in charge of Finance & Administration, Mr. Ato Boateng, held a strategic engagement with leading international cocoa trading companies in London as part of preparations for Ghana’s 2026/27 cocoa season. The meeting, convened by Ghana Cocoa Marketing Company (UK) Ltd. (GCMC UK), brought together […]
The Ghana Cocoa Board (COCOBOD) wishes to inform bondholders, investors, cocoa industry stakeholders, and the general public that it has settled an amount of GHS2,306,202,372.09, completing its mandatory payment obligations to holders of bonds affected by the Domestic Debt Exchange Programme (DDEP) for the year 2026. Earlier in March 2026, a coupon amount of GH¢376,325,910.09 […]
The Minister of Finance, Dr. Cassiel Ato Forson, has called for the harmonization of cocoa producer prices between Ghana and Côte d’Ivoire as a strategic measure to combat cross-border smuggling, protect farmer incomes, and strengthen collaboration within the global cocoa industry. Speaking in his capacity as Chairman of the Steering Committee of the Côte d’Ivoire–Ghana […]
The Government of Ghana, through the Ghana Cocoa Board (COBOD), has announced that the producer price of cocoa for the 2026 Light Crop Season will remain unchanged despite declining global cocoa prices. According to a circular signed by the Deputy Chief Executive in charge of Agronomy and Quality Control (A&QC), Dr. Francis Baah, purchases for […]
The Ghana Cocoa Board (COCOBOD) says it has commenced payments to Licensed Buying Companies (LBCs) to enable them to settle outstanding amounts owed to cocoa farmers for beans already delivered. The development follows growing concerns about prolonged payment delays, which have left many farmers unpaid for several months and raised fears about the sustainability of […]
The Ghana Cocoa Board (COCOBOD) has settled coupon payments worth GH¢2 billion to investors of its restructured cocoa bills. Joy Business understands that the payments were made on Monday, September 1, 2025, to investors holding these instruments. Following the Domestic Debt Exchange Programme, the restructured bills are now classified as bonds. The restructuring, which mainly […]
Bank of Ghana Governor, Dr. Johnson Asiama, has revealed that COCOBOD is expecting over $4 billion in inflows before the end of this year. He explained that the funds are part of a new financing arrangement introduced by COCOBOD to support cocoa purchases for the new crop season. Speaking in an exclusive interview with Joy […]
The Anti-Cocoa Smuggling Taskforce of the Ghana Cocoa Board (COCOBOD), in collaboration with national security, has apprehended a driver and a mate at Old Akrade in the Asuogyaman district for attempting to smuggle cocoa beans. According to a national security source, the task force received a tip-off around midnight about individuals transporting cocoa beans to […]
