Dr Ato Forson – Minister of Finance.
The Ghana government has unveiled a new domestic bond financing scheme to replace the syndicated loan and buyer-financed arrangements for cocoa purchases. 
This is to address liquidity challenges and ensure stability, viability and sustainability in the sector. 
Dr Cassiel Ato Baah Forson, the Minister of Finance, announced the “Cocoa Bond” financing model at a press briefing on Thursday. 
He explained that funds raised would serve as a revolving fund to enable the purchase of cocoa directly from farmers. 
Under the revolving fund arrangement, the Ghana Cocoa Board (COCOBOD) would raise money from the domestic market, utilise them to purchase cocoa, and repay the bonds from cocoa proceeds within each crop year. 
“The new financing model will utilise domestic cocoa bonds to purchase cocoa and repay from cocoa proceeds within each crop year,” Dr Forson said. 
He added that the model would also help revive indigenous
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