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Monday, June 2, 2025

COCOBOD drowns in huge debt; Cocoa farmers lose millions – President Mahama

By: Ashiadey Dotse

President John Dramani Mahama has revealed that Ghana’s cocoa sector is in deep financial crisis, with the Ghana Cocoa Board (COCOBOD) owing a total debt of 32.5 billion Ghana cedis.

Delivering his State of the Nation Address in Parliament on Thursday, February 27, 2025, he disclosed that 9.7 billion cedis of this debt is due for payment by September 2025.

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