Cocoa financing
News
Published on 06/29/2024

Cocoa is currently Ghana’s most important export commodity. Every year we borrow around 2 billion dollars through cocoa loan syndications yet the government pays cocoa farmers in Ghana cedis. This and other issues allow for loss of revenue and corruption in our cocoa industry 

 

As president I will abolish existing cocoa loan syndication arrangements to reduce borrowing so Ghana can get the full value of its cocoa exports. 

 

Additionally I will consolidate the Balance Sheet of the Cocoa Board as part of the Government's Balance Sheet.

 

I will also increase private sector participation in the cocoa industry through the stock exchange.

 

   Credit: GTP

#GhanaWillRiseAgain

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Alan Kyerematen

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