Cocobod to raise third syndicated loan of 2019

Ghanaian dollars adobe 230x150
By Mariam Meskin
12 Nov 2019

Ghanaian cocoa agency, Ghana Cocoa Board (Cocobod), will raise a $600m loan from supranational and international lenders. The deal is Cocobod's third syndicated loan this year.

The receivables backed $600m term loan, proceeds of which will be used to boost cocoa production, was signed on Tuesday at the Africa Investment Forum in Johannesburg, South Africa. The loan comprises a seven year $250m tranche provided by African Development Bank (AfDB) and a five year $350m ...

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