Ghana: COCOBO Signs U.S.$1.5 Bn Syndicated Loan Pact... for Purchase of 950,000 Tonnes of Cocoa

23 September 2021

The Ghana Cocoa Board (COCOBOD) has signed a US$1.5 billion syndicated loan agreement with a consortium of international and local financial institutions for the purchase of cocoa beans for the 2021/2022 crop season.

Parliament earlier this year approved the deal which comes with a 1.1 per cent interest plus libor compared to the 1.75 per cent it paid for the US$1.3 billion it secured for the 2020/2021 crop season.

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