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Ghana Borrows Up To $200 Million From Cocoa Traders To Plug Funding Gap As Syndicated Loan drags.

November 8, 2023 GENERAL NEWS Comments Off on Ghana Borrows Up To $200 Million From Cocoa Traders To Plug Funding Gap As Syndicated Loan drags.

According to a Reuters report, Ghana’s Cocobod is facing delays in securing its usual syndicated loans and has opted to borrow between $150 million to $200 million from cocoa traders to partially finance bean purchases for the 2023/24 season. Fiifi Boafo, the regulator’s public affairs manager, informed Reuters that the …

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