{"id":433905,"date":"2026-02-19T09:53:14","date_gmt":"2026-02-19T09:53:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/433905\/"},"modified":"2026-02-19T09:53:14","modified_gmt":"2026-02-19T09:53:14","slug":"poor-financial-management-behind-ghanas-cocoa-industry-chaos","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/433905\/","title":{"rendered":"Poor financial management behind Ghana&#8217;s cocoa industry chaos"},"content":{"rendered":"<p class=\"article-image\"><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/Poor-financial-management-behind-Ghana-s-cocoa-industry-chaos-Dr-Atuahene-2022322?gallery=1\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/08\/35735473.295.jpg\" alt=\"File photo of Cocoa beans\" title=\"File photo of Cocoa beans\" width=\"295\" height=\"197\" \/> <\/a>File photo of Cocoa beans<\/p>\n<p id=\"article-123\">A banking consultant Dr Richard Atuahene, has attributed the current challenges in Ghana&#8217;s cocoa industry to poor financial management between 2016 and 2024.<\/p>\n<p>According to him, the Domestic Debt Exchange Programme (DDEP) and other poor financial decisions have led to the collapse of bonds raised by the Ghana COCOBOD.<\/p>\n<p>Speaking on OTEC FM&#8217;s Dwabrem show on Wednesday, Dr Atuahene stated that the chaos in the cocoa sector is a result of the DDEP, which eroded the trust of foreign investors in Ghana&#8217;s financial system, causing them to halt their investments.<\/p>\n<p>&#8220;As a result of this, the Ghana COCOBOD had no fiscal space to raise bonds, and all foreign investors ditched Ghana&#8217;s Cocoa market due to poor economic management,&#8221; he said.<\/p>\n<p>Dr Atuahene emphasised that both domestic and foreign investors are concerned about the poor management of Ghana&#8217;s financial systems.<\/p>\n<p>However, he noted that the current changes in the sector are a necessary evil, adding that they will restore confidence in the country&#8217;s financial space.<\/p>\n","protected":false},"excerpt":{"rendered":"File photo of Cocoa beans A banking consultant Dr Richard Atuahene, has attributed the current challenges in Ghana&#8217;s&hellip;\n","protected":false},"author":2,"featured_media":81549,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-433905","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/433905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=433905"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/433905\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/81549"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=433905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=433905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=433905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}