Bryan Acheampong’s Bold Cocoa Move Yielding Dividends
Accra: The recent announcement by COCOBOD that it has received over $4 billion in deposits from international buyers for Ghana’s cocoa marks a major shift in how the country finances its cocoa sector. This development is a direct result of a bold decision taken by Dr. Bryan Acheampong, former Minister for Food and Agriculture, during his tenure to end Ghana’s decades-long reliance on syndicated loans. According to Ghana News Agency, Dr. Acheampong took the decisive step in 2024 to cancel cocoa loan syndication. For over 30 years, Ghana borrowed millions of dollars annually from foreign banks to pre-finance cocoa purchases.
