A high-level delegation from Ghana’s COCOBOD, led by Dr. Ransford Abbey, joined forces with Ghana Cocoa Marketing Company UK Ltd. (GCMC UK) to meet with Ghana International Bank (GHIB) in London.
The meeting aimed to discuss innovative strategies for Ghana’s cocoa sector, building on GHIB’s 64-year partnership with COCOBOD.
As COCOBOD’s trusted financial partner since 1959, GHIB has played a vital role in channeling cocoa sales revenue and facilitating the annual Cocoa Syndicated Loan for 32 years. Dr. Abbey outlined COCOBOD’s vision for the sector, focusing on three key areas:
Restoring Cocoa Output: Targeting an annual average of 850,000MT through farm rehabilitation, improved yields, and large-scale commercial farming.
Expanding Value Addition: Investing in processing to triple Ghana’s cocoa revenue and reduce reliance on raw bean exports.
Strengthening Financing: Addressing debt obligations, maintaining indirect cocoa financing for 2025-26, and refining the 60-40 funding structure to support indigenous LBCs.
The meeting reaffirmed GHIB’s strategic role in Ghana’s cocoa sector and demonstrated a shared commitment to financial solutions that enhance sustainability and value creation.
