Ghana Projects Cocoa Shortfall Amid COCOBOD Debt Challenges
3 Articles
3 Articles
To settle an estimated energy debt of more than $3 billion, the Ghanaian government decided to take action. As of Monday, June 16, a new tax of 1 cedi (about $0.097) will be applied on each litre of fuel sold to the pump. In January 2025, Ghana's energy debt amounted to more than $3 billion, compared to $2.1 billion in August 2017. This increase is due to late payments, poorly compensated subsidies and tariff imbalances. These difficulties have …
Ghana Projects Cocoa Shortfall Amid COCOBOD Debt Challenges
Ghana is expected to miss its cocoa production target for the 2024/2025 season, with output projected to reach approximately 600,000 metric tonnes according to Ghana Cocoa Board (COCOBOD) Chief Executive Dr. Ransford Abbey. This falls below the board’s 610,000 metric tonne target. Dr. Abbey confirmed current production stands at 590,000 metric tonnes with limited time remaining in the season. “I don’t think much will change, looking at the time …
Inside Ghana’s Great Debt Restructuring: How A Nation Rewrote Its Fiscal Future
INTRODUCTION On 1st July 2022, trading volumes on Ghana’s financial markets were markedly subdued, reflecting a cautious investor sentiment ahead of the much-anticipated 2022 Mid-Year Budget Review. Market participants were particularly focused on assessing fiscal performance metrics, especially revenue realized from the newly implemented Electronic Transactions Levy (e-levy)—a policy tool introduced to broaden the tax […]
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