Syndicated loan

Cocoa Loan Syndication Oversubscribed

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Cocobod has already received around $1.6 billion worth of bids in an oversubscribed loan syndication aimed at financing purchases of the 2017/18 crop. The world’s second-largest cocoa producer after Ivory Coast uses loans from international banks every year for bean purchases. It had earlier said it aimed to raise $1.3 billion in September to bring … Read more

BoG To Auction Proceeds From Cocoa Syndicated Loan

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Citi Business News has gathered that Ghana will soon start inviting bids for the auctioning of the foreign-exchange proceeds from the Ghana Cocoa Board’s syndicated loans for the 2016/2017 crop season. The Governor of the Bank of Ghana, Dr. Abdul Nashiru Issahaku explains that the move is to deepen the liberalization of the country’s currency … Read more