Ghana Cocoa Board Seeks 1.4B in Local Financing
Ghana Cocoa Board is attempting to raise 1.4 billion dollars from domestic investors through bonds and commercial paper. The move follows the collapse of its traditional international syndicated loan arrangement and aims to fund upcoming purchases.
Ghana is seeking to raise 16.3 billion cedis ($1.4B) from domestic investors to fund cocoa purchases for the upcoming season. The shift follows the collapse of the nation's decade-old syndicated loan arrangement with international banks during the 2023/24 season. The financing restructuring is designed to clear arrears and secure purchases after farmers faced widespread payment delays.
