Ghana’s cocoa board is reviewing its debt of 32 bln cedis, with 12 bln cedis due this year, to create a repayment plan. The board’s financial struggles are contributing to a global cocoa shortage, and it was unable to secure foreign bank loans for the current crop season. Ghana expects to harvest 617,500 tons of cocoa, but is losing up to USD 4,000 per ton due to lower prices.