The Ghana Cocoa Board (COCOBOD) has announced the full settlement of GH¢162 million owed to individual holders of Cocoa Bills who did not participate in the Government’s Domestic Debt Exchange Programme (DDEP).

In a statement issued by COCOBOD’s Public Affairs Department on Wednesday, July 15, COCOBOD said the payment settles all outstanding obligations to the affected investors, bringing closure to debts that remained unpaid following the implementation of the DDEP in 2023.

According to the Board, payments to some non-participating Cocoa Bill holders had been delayed due to financial constraints.

It said the outstanding obligations have now been fully honoured as part of COCOBOD’s commitment to meeting its legitimate financial obligations.

“The Board has now fully settled these obligations as part of its commitment to honour all legitimate debts,” the statement said.

COCOBOD advised beneficiaries to contact their respective fund managers to access their payments.

The Board also expressed appreciation to the affected investors for their patience and understanding during the period the payments remained outstanding.

It reaffirmed its commitment to restoring investor confidence, strengthening its financial position and ensuring the long-term sustainability of Ghana’s cocoa industry.

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