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COCOBOD faces loan repayment crisis as cocoa smuggling soars

COCOBOD is facing the risk of defaulting on loans taken to support cocoa farming as smuggling activities continue to rise, according to Joseph Boahen...

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Russian gov’t purchases smuggled cocoa from Ghana – COCOBOD CEO

Ghana's COCOBOD is stepping up efforts to address the growing problem of cocoa smuggling across the nation's borders, with military assistance from the Ghana...

Headline

COCOBOD’s self-sufficiency false, international aid needed for 2024-25 cocoa season production – Bright Simons

The Ghana Cocoa Board's (COCOBOD) report on financial self-sufficiency has come under scrutiny as experts argue that the state-owned cocoa giant will still require...

Business

Ban import, increase production and focus on exporting it – Nana Yaa Jantuah

Former General Secretary of the Convention People’s Party (CPP), Nana Yaa Jantuah is advocating for a strategy to boost Ghana's cocoa industry. She suggests that...

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International banks haven’t rejected us – COCOBOD

The Ghana Cocoa Board (COCOBOD) has firmly denied allegations that it was rejected by international banks in its bid to secure a $1.5 billion...

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Paying 2023 syndicated loan was a struggle for COCOBOD – Wa East MP

Deputy Ranking Member on Parliament's Food and Agriculture Committee, Dr. Seidu Jasaw, has raised alarm over COCOBOD's financial health, revealing that the organization faced...

Business

COCOBOD to self-finance 2024/2025 cocoa season; ends 32-year loan cycle

The Ghana Cocoa Board (COCOBOD) has announced its decision to self-finance the upcoming 2024/2025 cocoa season, ending its reliance on an annual syndicated loan...

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COCOBOD not producing enough cocoa to meet contractual obligations – Ato Forson

The Minority Leader in Parliament, Dr. Cassiel Ato Forson, has voiced serious concerns over COCOBOD's inability to meet its international cocoa supply commitments, a...

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COCOBOD denied offshore loan request due to declined confidence in management – Minority

The Minority in Parliament have expressed worry over COCOBOD's inability to secure funds offshore to purchase cocoa for the 2024/2025 crop season. According to...

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COCOBOD can’t borrow from foreign banks due to its financial instability – Minority

Minority Leader Cassiel Ato Forson has labeled the Ghana Cocoa Board’s (COCOBOD) decision to refrain from borrowing from foreign banks as a strategic maneuver...

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