Ghana: AfDB, Others Sign U.S.$600 Million Loan for Cocoa Production

13 November 2019

The African Development Bank (AfDB), Credit Suisse AG, the Industrial and Commercial Bank of China Limited and Ghana Cocoa Board (COCOBOD) Tuesday signed a $600 million syndicated receivables-backed term loan to boost cocoa productivity in Ghana, the world's second-largest cocoa producer.

Nigerian cocoa farmers and other farmers of the cash crop across West Africa would also be assisted by the bank to develop the cocoa value chain, according to AfDB President Dr Akinwumi Adesina who spoke in Johannesburg after the signing of the facility.

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