COCOBOD CEO woos investors with Ghana’s new cocoa financing model at New York forum

Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Dr Ransford Anertey Abbey

The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Dr Ransford Anertey Abbey, has presented Ghana’s new cocoa financing model and outlined reforms aimed at strengthening the cocoa sector at the Africa Cocoa Finance & Investment Forum (ACFIF) in New York.

Speaking at the forum on Monday, Dr Abbey highlighted measures designed to improve farmer incomes, attract investment, expand domestic cocoa processing and build a more resilient cocoa economy.

He also invited investors to explore opportunities in Ghana’s cocoa industry, drawing attention to the government’s policy target of processing 50 per cent of the country’s cocoa beans locally.

The COCOBOD Chief Executive also highlighted investment opportunities in cocoa processing, sustainability, traceability, farm rehabilitation and value addition, urging investors to partner with Ghana in developing these areas.

The presentation comes as Ghana rolls out a new cocoa financing framework anchored by Cocoa Capital PLC, which is raising GH¢16.3 billion through a domestic securities programme to finance cocoa purchases and address legacy debt obligations.

The initiative, according to COCOBOD, is expected to reduce reliance on the traditional offshore syndicated loan arrangement and mobilise domestic capital for the sector.

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