BoG, banks and COCOBOD agree to roll over maturing cocoa bills

In a statement on Monday (23 January), the BoG said financial institutions have agreed to roll over their cocoa bills investments

Officials of the Bank of Ghana, Ghana Cocoa Board (COCOBOD) and banks in the country have reached an agreement to roll over maturing cocoa bills.

The parties reached the agreement at a meeting on Friday (20 January 2023).

“At a meeting held on Friday, 20th January 2023 among the banks, COCOBOD and Bank of Ghana (BoG), it was agreed that all institutional investors will roll over their maturing cocoa bill for Tender 6155. Financial institutions have agreed to roll over their cocoa bills investments.”

“COCOBOD has assured us that the outlook for the 2023 crop season is good, and cocoa purchasing are ahead of last year. We therefore expect that this short-term cash flow challenges facing Cocoa Board will be resolved soon to enable COCOBOD to meet its obligations to investors,” the BoG said in a statement on Monday (23 January).

Read the full statement below:

Asaase Radio 99.5 broadcasts on radio via 99.5 in Accra, 98.5 in Kumasi, 99.7 in Tamale, 100.3 in Cape Coast and on our affiliates Bawku FM 101.5 in Bawku, Beats FM 99.9 in Bimbilla, Somua FM 89.9 in Gushegu, Stone City 90.7 in Ho, Mining City 89.5 in Tarkwa and Wale FM 106.9 in Walewale
Tune in or log on to broadcasts 
online:, Sound Garden and TuneIn
Follow us on Twitter: @asaaseradio995
Live streaming: Also on YouTube: Asaase Radio Official.
Join the conversation. Call: 020 000 9951 or 059 415 7777. Or WhatsApp: 020 000 0995.


Show More

Related Articles

Back to top button

Adblock Detected