The Ghana Cocoa Board (COCOBOD) has announced the full settlement of GH¢162 million in outstanding obligations owed to individual holders of Cocoa Bills who did not participate in the Government’s Domestic Debt Exchange Programme (DDEP).
In a statement issued on Wednesday, July 15, COCOBOD said the payment fulfils its commitment to honour legitimate debts owed to investors whose payments remained outstanding following the implementation of the DDEP in 2023.
According to the Board, the delays were due to financial constraints that affected its ability to meet its obligations to some non-participating Cocoa Bill holders.
COCOBOD said all outstanding payments have now been made in full and advised beneficiaries to contact their respective fund managers to access their funds.
The Board expressed appreciation to the affected investors for their patience and understanding throughout the period of delayed payments.
It also reaffirmed its commitment to restoring investor confidence, strengthening its financial position and ensuring the long-term sustainability of Ghana’s cocoa industry.
