Ghana gets US $1.8 billion loan for cocoa sector
Ghana’s cocoa regulator, Cocobod, has signed a US$1.8bn loan with international banks to finance purchases for the 2015/16 season Cocobod hopes to start Ghana’s new cocoa season from 2 October. According to Cocobod spokesman, Noah Amenyah, the loan, signed in Paris by 23 lenders, will be used to purchase around 850,000 tonnes. The loan is the largest soft commodity deal in sub-Saharan Africa. Lead arrangers for the facility were Barclays Bank, Commerzbank, Deutsche Bank, French investment bank Natixis and Japan’s [...]