The Ghana Cocoa Board (COCOBOD) has paid GH¢162 million to settle outstanding obligations owed to individual holders of Cocoa Bills who did not participate in the Government’s Domestic Debt Exchange Programme (DDEP).
The payment covers Cocoa Bill holders whose investments remained unpaid following the implementation of the DDEP in 2023.
In a statement issued by its Public Affairs Department, COCOBOD said the outstanding payments had been delayed due to the Board’s financial constraints.
The Board, however, said the obligations had now been settled in full as part of its commitment to honour all legitimate debts.
COCOBOD advised beneficiaries to contact their respective fund managers to access their payments.
“COCOBOD expresses its appreciation to the affected investors for their patience and understanding and remains committed to restoring confidence, strengthening its financial position, and ensuring the long-term sustainability of Ghana’s cocoa industry,” the statement said.
