COCOBOD Pays GH¢162 Million to Settle Outstanding Cocoa Bill Obligations 

The Ghana Cocoa Board (COCOBOD) has paid GH¢162 million to fully settle outstanding obligations owed to individual holders of Cocoa Bills who did not participate in the government’s Domestic Debt Exchange Programme (DDEP).

In a press release issued on Wednesday, COCOBOD said the payment was made to investors whose payments remained outstanding after the implementation of the DDEP in 2023 due to the Board’s financial constraints.

“The Board has now fully settled these obligations as part of its commitment to honour all legitimate debts,” the statement said.

Beneficiaries have been advised to contact their respective fund managers to access their payments.

COCOBOD expressed appreciation to the affected investors for their patience and understanding during the period.

The Board also reaffirmed its commitment to restoring confidence, strengthening its financial position, and ensuring the long-term sustainability of Ghana’s cocoa industry.

Click to read more: https://opemsuo.com/author/hajara-fuseini/