Ghana’s cocoa regulator, the Ghana Cocoa Board (COCOBOD), is set to receive more than $4 billion in fresh inflows from international buyers ahead of the 2025/2026 cocoa crop season.
Industry sources indicate that some global trading partners have already advanced portions of the syndicated facility to COCOBOD.
A report by myjoyonline.com noted that a significant share of the funds is expected before the end of this year.
The disbursement will not be released as a lump sum but in several phases, with a sizeable tranche anticipated before the close of 2025.
COCOBOD to attract billions before year-end – BoG Governor
Analysts view the arrangement as a strategic move by international buyers to secure supply commitments from Ghana, the world’s second-largest cocoa producer.
Earlier, the Governor of the Bank of Ghana, Dr Johnson Asiama, explained that the inflows form part of a newly structured financing model introduced by COCOBOD.
He noted that beyond securing cocoa purchases, the initiative is expected to bolster the central bank’s reserves and provide a cushion for the Ghana cedi in the months ahead.
“The arrangement will strengthen our reserves and enhance our ability to support the local currency,” Dr Asiama stated.
Market watchers say the financing structure underscores both the continued importance of cocoa to Ghana’s economy and the confidence international buyers place in the country’s long-term supply capacity.
SSD/MA