The court ruling follows months of uncertainty over Clerc’s position, while Castel’s boards maintain that the decision does not alter the group’s operational governance.
The fundraising is part of a GH¢16.3 billion domestic cocoa financing programme aimed at supporting purchases and refinancing COCOBOD’s legacy debt.
Cargill’s quarterly earnings were pressured by elevated cattle and cocoa costs, while poultry investments in Thailand and the Philippines expand its global operations.
The proposed levy would use a sliding scale based on sugar content, while bakery manufacturers warn taxation could undermine reformulation efforts.
The ruling follows Reliance’s challenge to FSSAI restrictions, as the company says product seizures and packaging requirements have disrupted Campa operations.