COCOBOD, the cocoa sector regulator, has released GH¢2.6billion to Licenced Buying Companies (LBCs) to expedite farmers’ payments, thereby clearing a significant portion of arrears owed.
COCOBOD is preparing to tap into the domestic bond market and raise up to US$1billion equivalent in cedi-denominated bonds annually, a shift from its decades-long reliance on dollar denominated syndicated loans from foreign banks and offtakers.
For generations, agriculture in Ghana has largely been practised on a subsistence basis, dominated by millions of smallholder farmers cultivating relatively small parcels of land primarily to feed their families, with any surplus sold in local markets.
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