Sunday, 06 September

COCOBOD settles GH¢2.3 billion, completes 2026 DDEP bond obligations

Business
Dr. Randy Abbey, the Chief Executive of COCOBOD

The Ghana Cocoa Board (COCOBOD) has reportedly settled an amount of over 2 billion cedis, hence completing its mandatory payment obligations to bond holders.

The institution, in a statement issued by its Public Affairs Department, informed “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, according to COCOBOD, “a coupon amount of GH¢376,325,910.09 was paid, bringing the total amount paid by COCOBOD to DDEP bondholders in 2026 to GH¢2,682,582,282.18.

“This follows the full settlement of GH¢162 million in July 2026 to holders of Cocoa Bills who did not participate in the DDEP. The settlement brought COCOBOD's outstanding obligations to the affected non-DDEP Cocoa Bill holders to a close.”

These payments demonstrate “the Board's commitment to responsible financial management and the systematic settlement of its financial obligations as part of the broader effort to strengthen the financial sustainability of Ghana's cocoa sector, under the guidance of the Ministry of Finance”.

Source: classfmonline.com