The Ghana Cocoa Board (COCOBOD) has paid GH¢2 billion to holders of its restructured cocoa bills, now classified as bonds under the Domestic Debt Exchange.

According to reports, the payments were made on September 1, 2025, to investors holding these instruments.

COCOBOD has assured that it will honour coupon payments of about GH¢1.9 billion due in 2026 and 2027, as well as the principal, on schedule.

Cedi continues to depreciate, now trading at GH¢11.90 to the dollar

The restructuring largely affected commercial banks, with reports suggesting that the new arrangement for COCOBOD was facilitated by some local banks acting as transaction advisors.

COCOBOD’s timely settlement of its bond payments demonstrates its commitment to restoring investor confidence and positioning itself to access more funding at competitive rates.

The board has been undertaking reforms aimed at cleaning its books, settling outstanding debts, and strengthening its financial position to support cocoa purchases.

These measures are expected to enhance its capacity to purchase cocoa beans for the next crop season while improving the institution’s credit rating.

The Chief Executive of COCOBOD, Dr Randy Abbey, and the Governor of the Bank of Ghana have assured that measures are in place to put the board on a stronger financial footing.

The governor further disclosed that COCOBOD is expecting inflows of over $4 billion from buyers under a new pre-financing deal before the end of the year.

SSD/MA