Ghana Secures $288M for Cocoa Purchases
Ghana Cocoa Board raised 3.39 billion cedis through a domestic debt sale to fund bean purchases from farmers. The funds will help licensed buying companies start purchases for the new season after financing delays.
Ghana secured 3.39 billion cedis ($288.02M) through short-term debt sales, funding critical purchases for local farmers. The offering missed its 4 billion cedi ($339.85M) target but provides immediate liquidity for the country's cocoa sector. The financing breaks a funding freeze that threatened the current harvest season.
