The Ghana Cocoa Board (COCOBOD) has announced that it has fully settled GH¢162 million in outstanding payment obligations 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 Tuesday, COCOBOD said the outstanding payments dated back to the implementation of the DDEP in 2023, when some individual Cocoa Bills holders who opted not to participate in the debt exchange programme were left unpaid due to the Board’s financial constraints.
According to the Board, the full settlement of the outstanding obligations demonstrates its commitment to honouring all legitimate debts owed to investors and rebuilding confidence in its financial operations.
COCOBOD has advised all beneficiaries to contact their respective fund managers to access their payments.
The Board also expressed appreciation to the affected investors for their patience and understanding during the period the payments remained outstanding.
It further reaffirmed its commitment to restoring investor confidence, strengthening its financial position and ensuring the long-term sustainability of Ghana’s cocoa industry.
COCOBOD said the settlement forms part of broader efforts to improve its financial stability and reinforce trust among investors and stakeholders in Ghana’s cocoa sector.
Story by Freedom Etsey Lavoe
