The Ghana Cocoa Board (COCOBOD) has started a voluntary debt securities exchange programme with the goal of improving the finance structure of Ghana’s regulatory body for the cocoa industry.
The programme would see COCOBOD issue longer-term bonds with an aggregate principal amount of roughly GHS7.93 billion accessible between 2024 and 2028. New debt instruments would be exchanged for old ones at lower coupon rates.
On Friday, July 14, COCOBOD announced this and stated that proposals could be made right away and would be accepted through Monday, July 31.
This event occurs when the Ministry of Finance introduced a new debt exchange programme for bonds denominated in US dollars.
If their offers are approved, Cocoa Bill holders would receive five bonds, totaling the same amount in principal as the Cocoa Bills.
