The Ghana Cocoa Board (COCOBOD) has fully settled its outstanding financial obligations to individual Cocoa Bill holders who opted out of the government’s Domestic Debt Exchange Programme (DDEP).
In a press release issued by its Public Affairs Department, the cocoa regulator announced that a total of GH¢162 million has been paid to the affected investors.
The outstanding payments date back to the implementation of the debt restructuring programme in 2023.
COCOBOD explained that while some payments to non-participating Cocoa Bill holders remained outstanding due to financial constraints at the time, the board has now successfully cleared the entire debt.
“The Board has now fully settled these obligations as part of its commitment to honour all legitimate debts,” the state-backed cocoa regulator stated.
Following the disbursement, COCOBOD has advised all beneficiary investors to contact their respective fund managers to access their payments.
The management also extended its gratitude to the affected individuals for their cooperation and resilience during the delay, reiterating its focus on stabilizing its financial operations.
“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 added.
By: Rainbowradioonline.com/Ghana