ACCRA, Ghana — Cocoa Capital PLC, a wholly owned subsidiary of the Ghana Cocoa Board (COCOBOD), plans to raise up to GH¢16.3 billion through a domestic debt programme to support cocoa purchases and strengthen the sector’s finances.

The programme, approved by the Securities and Exchange Commission, is divided into two parts: GH¢14 billion in commercial paper to meet short-term liquidity needs during the 2026/27 cocoa season, and GH¢2.3 billion in medium- to long-term bonds to refinance existing COCOBOD legacy debt.

Cocoa Capital said the commercial paper will be issued in tranches over the coming weeks, depending on funding requirements and market conditions. Repayment obligations are to be supported by receivables from selected executed cocoa forward-sale contracts, routed through designated accounts.

The initiative forms part of the government’s cocoa-sector reset agenda, which aims to introduce a more sustainable financing model. Further details on individual issuances are expected to be announced in due course.