Ghana’s Loan Repayment Delays Threaten Cocoa Bean Purchases

Ghana’s cocoa regulator hasn’t repaid more than $400 million in loans taken from traders over the past two years, raising the risk that it won’t have enough cash to buy beans next season — a setback that could squeeze global supplies.

The world’s No. 2 cocoa grower owes domestic and international licensed buying companies for loans taken ahead of the 2023-24 and 2024-25 harvests, according to people familiar with the matter.