The Ghana Cocoa Board (COCOBOD) has announced the full settlement of outstanding obligations owed to individual holders of Cocoa Bills who did not participate in the Government’s Domestic Debt Exchange Programme (DDEP).
In a statement issued on Wednesday, July 15, COCOBOD said it had paid GH¢162 million to clear the outstanding obligations, describing the move as part of its commitment to honour all legitimate debts.
According to the Board, some payments to non-participating Cocoa Bill holders remained outstanding following the implementation of the DDEP in 2023 due to the institution’s financial constraints.
It said the outstanding obligations have now been settled in full and advised beneficiaries to contact their respective fund managers to access their payments.
“The Board has now fully settled these obligations as part of its commitment to honour all legitimate debts,” the statement said.
COCOBOD also expressed appreciation to the affected investors for their patience and understanding during the period the payments remained outstanding.
The Board reaffirmed its commitment to restoring investor confidence, strengthening its financial position and ensuring the long-term sustainability of Ghana’s cocoa industry.
The Domestic Debt Exchange Programme, introduced by the Government in 2023 as part of measures to restore debt sustainability, involved the restructuring of domestic debt instruments.
While many investors participated in the programme, some holders of Cocoa Bills opted not to exchange their securities, leaving portions of their payments outstanding until the latest settlement.
