Business

Breaking the Collateral Cage: Ghana Abandons 32-Year-Old Offshore Cocoa Debt

In a historic departure from decades of offshore borrowing, the Ghana Cocoa Board (COCOBOD) is officially terminating its reliance on foreign syndicated loans. Under a radical new framework orchestrated by Finance Minister Dr. Cassiel Ato Forson, the world’s second-largest cocoa producer will now finance its harvests using domestic Cedi-denominated commercial notes. This bold pivot aims to dismantle the predatory offshore collateral systems that have starved local factories of raw beans for a generation.