Ghana Cocoa Debt: COCOBOD CEO Offers Clarity Amidst Economic Challenges

Ghana's Cocoa Sector Debt Clarified: COCOBOD CEO Addresses Public Concerns ACCRA, GHANA – June 6, 2025 – Dr. Ransford A. Abbey, CEO of the Ghana Cocoa Board (COCOBOD), recently addressed public concerns regarding Ghana's cocoa sector debt. In a video interview, Dr. Abbey provided a detailed breakdown of the debt, clarifying misconceptions surrounding the total amount. He stated, "Of the approximately 33 billion dollars in debt, only 4.4 billion is directly attributable to COCOBOD." This 4.4 billion represents the value of certificates issued to various entities for services rendered, which are currently awaiting payment. Dr. Abbey further explained that the remaining debt is linked to contracts with various companies. He emphasized the ongoing efforts to rationalize these contracts and manage the overall debt situation. The video interview provides a clearer picture of the financial challenges facing Ghana's vital cocoa industry and the steps being taken to address them. COCOBOD's transparency in addressing these concerns offers a positive note amidst the economic challenges.