Cocoa Capital PLC undertakes bond and note programme on GSE
Cocoa Capital PLC, a subsidiary of Ghana Cocoa Board (COCOBOD) created under the domestic funding model of the Board has undertaken a bond and note programme on the Ghana Stock Exchange in a major move to raise GH¢16.30 billion, comprising GH¢14 billion commercial paper and GH¢2.30 billion bond. The ceremony, held on Wednesday, October 14, […]
Cocoa Capital PLC, a subsidiary of Ghana Cocoa Board (COCOBOD), has launched a bond and note programme on the Ghana Stock Exchange, raising GH¢16.30 billion to support cocoa purchases for the 2026/27 cocoa season. This move marks a significant shift towards mobilising domestic capital for Ghana's cocoa financing framework, reducing reliance on external borrowing, and strengthening connections between the fixed income market and the cocoa industry.
COCOBOD's Chief Executive, Dr Randy Anertey Abbey, emphasized the initiative's role in Ghana's cocoa sector reforms, aimed at improving farmers' livelihoods and increasing value addition, while Board Chairman John Awuah highlighted the SPV's role in providing a structured financing mechanism for the sector's funding requirements.
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