The Ghana Cocoa Board (COCOBOD) has announced the full settlement of GH¢162 million owed to individual holders of Cocoa Bills who did not participate in the Government’s Domestic Debt Exchange Programme (DDEP), bringing to an end a prolonged period of uncertainty for the affected investors.
The payment, announced in a statement issued by COCOBOD, covers all outstanding obligations to non-participating Cocoa Bill holders whose investments remained unpaid following the implementation of the DDEP in 2023.
According to the Board, the outstanding payments persisted because of the institution’s financial challenges in the aftermath of the debt restructuring exercise.
However, COCOBOD said it has now honoured the obligations in full, describing the move as part of its commitment to meeting all legitimate financial obligations.
The Board has advised beneficiaries to contact their respective fund managers to facilitate access to their payments.
COCOBOD also expressed appreciation to the affected investors for their patience and understanding during the period the payments remained outstanding.
The Board reiterated its commitment to restoring investor confidence, strengthening its financial position and ensuring the long-term sustainability of Ghana’s cocoa industry.
The settlement is expected to provide relief to affected investors while signalling COCOBOD’s efforts to improve its financial standing following the challenges associated with Ghana’s domestic debt restructuring programme.
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