Monies paid by COCOBOD to investors who purchased cocoa bills withdrawn

JoyNews is learning that monies paid to investors who purchased cocoa bills on maturity on Thursday, January 19 th, 2023 have been withdrawn from individual investors’ accounts without their consent.

COCOBOD has issued the bill to raise funds. Many had bought the bills expecting to be paid back their monies with interest on Thursday.

JoyNews understands the monies were actually paid on Thursday only to be reversed on Friday, January 20th, 2023.

Reports say, the banks have all day been under pressure from affected customers.

The banks have pointed to a directive from the Bank of Ghana ordering them to unilaterally roll over the bonds without first seeking the consent of investors.

More soon…

Source: Ghana News