Ghana’s cocoa industry is facing a major financing and production challenge. COCOBOD has moved from relying heavily on foreign syndicated loans to seeking financing from Ghana’s local banks and capital market through bonds. But is changing the source of funding enough to solve the deeper problems facing Ghana’s cocoa sector?
In this discussion, we examine Ghana’s cocoa financing strategy, COCOBOD’s dependence on borrowing to purchase cocoa beans, the declining cocoa production base, the impact of galamsey on cocoa farms, and whether Ghana should consider investing directly in large-scale state-owned cocoa farms. Is Ghana simply replacing foreign loans with local borrowing, or is the country finally addressing the real structural problems in the cocoa industry?
Join us as we ask the difficult question: From foreign loans to local bonds, is Ghana really fixing the cocoa problem?
