Grapevine

By My Joy Online
Jul 24, 2024

COCOBOD attributes profit to impact of debt restructuring of cocoa bills

Chief Executive of Ghana COCOBOD, Joseph Boahen Aidoo

The Ghana Cocoa Board (COCOBOD) has attributed its profit posted for the 2022/2023 crop season to the restructuring of the cocoa bills worth ¢7.9 billion.

The cocoa regulator returned to profit after ending a six year losing streak, following the restructuring.

Chief Executive Officer Joseph Boahen Aidoo said the impact of the restructuring exercise has been positive.

Speaking after a visit to some cocoa farms in the Western and Central regions of Ghana, Mr. Boahene Aidoo said the cocoa regulator posted some ¢2.3 billion profit through some key measures put in place by the regulator and the government.