{"id":468272,"date":"2026-02-14T13:33:17","date_gmt":"2026-02-14T13:33:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/468272\/"},"modified":"2026-02-14T13:33:17","modified_gmt":"2026-02-14T13:33:17","slug":"government-to-convert-gh%c2%a25-8-billion-cocoa-debt-owed-to-bog-and-mof","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/468272\/","title":{"rendered":"Government to convert GH\u00a25.8 billion cocoa debt owed to BoG and MoF"},"content":{"rendered":"

\"Head play video<\/a>Head offices of the Bank of Ghana and Ministry of Finance<\/p>\n

Government has announced plans to convert GH\u00a25.8 billion in legacy debt owed by the Ghana Cocoa Board (COCOBOD) to the <\/a>Bank of Ghana<\/a> and the Ministry of Finance as part of a broad reform agenda aimed at stabilising the cocoa sector.<\/p>\n

The announcement was made by the Minister of Finance, Dr Cassiel Ato Forson<\/a>, on February 13, 2026, during a press briefing outlining government\u2019s reform agenda for the sector.<\/p>\n

Speaking at the briefing, Dr Ato Forson said the proposed restructuring is intended to address long-standing financial pressures facing the cocoa regulator.<\/p>\n

Here are 10 key reforms to revive Ghana’s cocoa industry<\/a><\/p>\n

\u201cGovernment will seek parliamentary approval to restructure approximately GH\u00a25.8 billion in legacy debt owed by COCOBOD to the <\/a>Bank of Ghana<\/a> and the Ministry of Finance as part of measures to restore stability to the cocoa sector,\u201d he said.<\/p>\n

He added that the debt restructuring is expected to ease financial strain on COCOBOD, improve investor confidence, and create fiscal space for critical reforms within the sector.<\/p>\n

\u201cThe debt conversion will restore positive equity and boost confidence in both the international and local markets to support the operations of COCOBOD,\u201d he added.<\/p>\n

He further noted that Cabinet has also directed the immediate transfer of GH\u00a24.35 billion in cocoa road liabilities from COCOBOD to the Ministry of Roads and Highways and the Ministry of Finance.<\/p>\n

Government moves to convert GH\u00a25.8 billion cocoa debt owed to BoG and MoF<\/p>\n<\/p>\n

SP\/MA<\/p>\n","protected":false},"excerpt":{"rendered":"play videoHead offices of the Bank of Ghana and Ministry of Finance Government has announced plans to convert…\n","protected":false},"author":2,"featured_media":468273,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-468272","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/468272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=468272"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/468272\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/468273"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=468272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=468272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=468272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}