Ghana plans domestic cocoa bond sale to fund farmer purchases
Updated
Updated · Bloomberg · May 7
Ghana plans domestic cocoa bond sale to fund farmer purchases
5 articles · Updated · Bloomberg · May 7
The country aims to raise $1 billion in cedi-denominated bonds before the 2026-27 season, starting around August, according to a person familiar with the plans.
Ghana Cocoa Board head Randy Abbey said the local-currency debt would reduce reliance on dollar funding and foreign lenders.
The planned borrowing forms part of a broader overhaul of how Ghana finances cocoa buying and delivers the crop to global buyers.
Is Ghana’s move to fund its cocoa sector with local bonds a masterstroke for sovereignty or a high-stakes economic risk?
Will mandatory local processing and digital assets transform Ghana from a raw cocoa supplier into a global chocolate powerhouse?