The Ghana Cocoa Board has announced the full payment of GH¢162 million to individual holders of Cocoa Bills who did not participate in the government's Domestic Debt Exchange Programme, bringing an end to outstanding obligations that had remained unpaid since 2023.
In a statement issued on Tuesday, COCOBOD said the payments had been completed despite the financial challenges the institution faced following the implementation of the DDEP.
According to the Board, the settlement reflects its commitment to meeting all legitimate financial obligations owed to investors.
"COCOBOD has now fully settled these obligations as part of its commitment to honour all legitimate debts," the statement said.
The Board advised beneficiaries to contact their respective fund managers to access their payments.
Confidence in the cocoa sector
COCOBOD acknowledged the patience shown by affected investors during the delay and expressed appreciation for their understanding.
The Board said the latest payment forms part of broader efforts to restore investor confidence, improve its financial position and support the long-term sustainability of Ghana's cocoa industry.
The announcement comes as COCOBOD continues to implement measures aimed at strengthening its finances after the economic challenges that followed the Domestic Debt Exchange Programme introduced in 2023.
READ ALSO: Cabinet Approves Minerals and Mining Act Review, Restores Achimota Forest Reserve
