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COCOBOD Faces $1.3 Billion Losses as Cocoa Forward Contracts Backfire

COCOBOD Faces $1.3 Billion Losses as Cocoa Forward Contracts Backfire

Ghana’s cocoa sector is in crisis as the Ghana Cocoa Board (COCOBOD) faces an estimated $1.3 billion in losses due to the rollover of undelivered forward contracts from the 2023/2024 crop season. COCOBOD was unable