Cocoa Capital PLC undertakes bond and note programme on GSE

Cocoa Capital PLC, a subsidiary of Ghana Cocoa Board (COCOBOD), has initiated a bond and note programme on the Ghana Stock Exchange, raising up to GH¢16.30 billion. Chief Executive Dr Randy Anertey Abbey emphasized this shift towards domestic capital to fund cocoa purchases for the 2026/27 season, reducing reliance on external borrowing.

The programme, a Special Purpose Vehicle (SPV), aims to broaden financing options, mobilize domestic resources, and strengthen the bond between the cocoa industry and Ghana's fixed income market. The Board Chairman, Mr John Awuah, explained the SPV is designed for structured financing, addressing sector funding needs while maintaining transparency.

Mr. Awuah stressed disciplined execution and meeting financial obligations for the program's success. The Ghana Association of Banks' President, Mr Kwamina Asomaning, highlighted the significance of collaboration among banks, capital markets, and domestic investors to support productive sectors. The inaugural issuance attracted approximately GH¢3.59 billion in investor bids at 11% per annum.

The Ghana Stock Exchange welcomed the transaction as a model for mobilizing domestic capital for national development.