Majority Leader, Alexander Afenyo-Markin has debunked claims that International Banks have shut their doors on Ghana’s COCOBOD following claims that it was rejected by international banks in its quest to secure a $1.5 billion loan for the 2024/2025 cocoa crop season.
Minority Leader Cassiel Ato Forson had alleged earlier that the loan request failed to attract interest from international banks due to COCOBOD’s poor financial health and the reported decline of the cocoa sector under its current management, a matter he equally raised whiles delivering an opening address at the first sitting of the extraordinary meeting of parliament.
“ As we speak Mr speaker, COCOBOD has been shut out from borrowing from the international market, this is the first time in thirty-two years that up to September, Ghana COCOBOD has not been able to present a loan agreement for a syndicated purpose to this house”