The Ghana Cocoa Board (COCOBOD) has confirmed it will not pursue a syndicated loan to finance cocoa purchases for the 2025/26 crop season, citing the ongoing global shortage of cocoa beans as the primary reason behind the decision.
In an interview on Citi FM on Monday, August 4, COCOBODβs Head of Public Affairs, Jerome Kwaku Sam, stated that the Board had refrained from securing syndicated financing for the previous 2024/2025 season and intends to continue on that path this year.
βWeβre not doing syndication. To be very honest, last year 2024, we didnβt do syndication, and this year [2025], weβre not doing syndication. What has necessitated us not to do syndication is that weβre experiencing a global shortage of the cocoa bean,β he explained.
Mr. Sam further clarified that this move is part of a broader strategy to minimize costs, especially under the current market pressures facing the cocoa industry.
βWeβre not doing syndication whereby weβre going to incur additional expenses and what have you. That is out of the system or table for now,β he added.
This announcement comes shortly after Finance Minister Dr. Cassiel Ato Forson unveiled a new producer price for cocoa, signaling broader shifts in the sectorβs financial and operational landscape as Ghana navigates the challenges of reduced cocoa output worldwide.
Source: Wesleyannews.com
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