A delegation from COCOBOD, led by Dr Ransford Abbey, along with Ghana Cocoa Marketing Company UK Ltd. (GCMC UK), engaged Ghana International Bank (GHIB) in London to discuss strategies for Ghana’s cocoa sector. GHIB has been COCOBOD’s trusted financial partner since 1959, serving as the primary channel for cocoa sales revenue and playing a pivotal role in the annual Cocoa Syndicated Loan for 32 years.
Dr. Abbey outlined COCOBOD’s vision:
1. Restoring Cocoa Output – Targeting an annual average of 850,000MT through farm rehabilitation, improved yields, and large-scale commercial farming.
2. Expanding Value Addition – Investing in processing to triple Ghana’s cocoa revenue and reduce reliance on raw bean exports.
3. Strengthening Financing – Addressing debt obligations, maintaining indirect cocoa financing for 2025-26, and refining the 60-40 funding structure to support indigenous LBCs.
The meeting reinforced GHIB’s strategic role in Ghana’s cocoa sector and a shared commitment to financial solutions that enhance sustainability and value creation.
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