The Governor of the Bank of Ghana, Dr Johnson Asiama, has disclosed that Ghana's cocoa regulator, the Ghana Cocoa Board (COCOBOD), is expected to receive over $4 billion in inflows before the end of 2025.

According to him, this is part of a new financing arrangement introduced by COCOBOD to support cocoa purchases for the new crop season.

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He explained that the arrangement aims to cushion and strengthen the Bank of Ghana's reserves, enhancing its ability to support the local currency.

This is according to a report on myjoyonline.com dated August 29, 2025.

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Under the previous model in 2023, COCOBOD raised funds via a syndicated loan each season to finance cocoa purchases.

In 2024/25, COCOBOD transitioned to a pre-financing model, in which global traders deposit funds upfront to support Licensed Buying Companies in purchasing from farmers.

According to Dr Asiama, this development will boost investor confidence and send a strong signal to the market that the central bank is well-positioned to intervene when necessary to meet the demands of businesses and commercial banks.

Speaking on the current outlook of the economy and the slight depreciation of the cedi, Dr Asiama noted, “As regulator, we have taken the necessary actions to ensure that things do not get out of hand."

He insisted that Ghana's economy remains in good standing and continues to attract investor confidence, as measures are in place to enhance market liquidity.

“Our net international reserves have not run out, and all the indicators point to a favourable outlook. We currently have it,” he stressed.

SSD/MA