The Bank of Ghana has stated that strengthening access to working capital for cocoa buyers is essential to safeguarding Ghana’s cocoa value chain and maintaining stability in rural economies.
This was highlighted when the Central Bank participated in the signing of a Risk-Sharing Guarantee Scheme between the International Finance Corporation (IFC) and Access Bank Ghana Plc in Accra, on Sunday, January 25, 2026.
Speaking at the ceremony, the Second Deputy Governor of the Bank of Ghana, Matilda Asante-Asiedu, said the facility was strategically designed to provide much-needed working capital to Licensed Buying Companies (LBCs) operating within Ghana’s cocoa value chain.
“This scheme is strategically designed to provide essential working capital to Licensed Buying Companies (LBCs). Their stability safeguards rural livelihoods, strengthens export earnings, and supports exchange rate resilience,” she stated.
Madam Asante-Asiedu noted that credit guarantee schemes play a vital role in supporting agriculture-led growth, particularly in sectors such as cocoa, which remain central to Ghana’s economy.
She said ensuring the financial stability of LBCs was critical to maintaining confidence across the value chain, from cocoa farmers to exporters.
She also commended Access Bank Ghana for its strong performance in the financial sector, citing the bank’s total assets of GHS19.47 billion as evidence of market confidence, customer loyalty, and sound risk management.
According to her, these strengths position Access Bank Ghana as “a credible and dependable conduit for development finance” in support of the country’s broader economic priorities.
The Risk-Sharing Guarantee Scheme is expected to ease access to financing for LBCs, reduce lending risks for banks, and enhance liquidity in the cocoa sector, which remains one of Ghana’s leading foreign exchange earners.
