COCOBOD is set to bring in more than $4 billion before the end of this year to support cocoa purchases. The new financing arrangement is expected to boost Ghana’s foreign reserves and strengthen the cedi.
Bank of Ghana Governor, Dr. Johnson Asiama, said the inflows will help the central bank intervene when needed. Ghana’s international reserves stood at $11.1 billion as of July 2025. The new model requires global traders to deposit 60% of contract value upfront to fund cocoa purchases. This replaces the long-standing syndicated loan system used for over three decades.
Dr. Asiama noted that the move signals a strong outlook for the cedi despite recent pressures. He assured businesses of transparency, discipline, and sanctions against those exploiting loopholes.
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