Ghana is planning to raise $1 billion through domestic bonds to fund cocoa purchases from farmers, marking a significant shift in how the world's third-largest cocoa producer finances its agricultural sector. The initiative forms part of a broader overhaul of the country's cocoa delivery system to global buyers.

The bond program represents an attempt to directly finance farmer purchases through domestic capital markets rather than relying on traditional channels. This restructuring comes as Ghana seeks to improve farmer incomes and strengthen its position in the global cocoa trade, where it competes with Ivory Coast as Africa's leading producer.

The move could reshape how the West African nation interacts with international chocolate companies and commodity traders. By raising funds domestically, Ghana may gain more control over pricing and distribution while providing investors with a new instrument tied to the lucrative cocoa trade.