syndicated -

Cocoa Syndicated Loan inflows ease pressure on cedi; $1 equals ¢12.18

Aziboat2 years ago02 mins

[ad_1] The first tranche of the about $800 million Cocoa Syndicated Loan is easing pressure on the Ghana cedi a few days into 2024. The local currency came under some pressure this month after remaining stable in November 2023. However, market dealers expect the foreign exchange inflows to increase the supply-side intervention and bolster the…

Plans to raise $800m cocoa syndicated loan not aborted – COCOBOD

Aziboat2 years ago03 mins

[ad_1] The Ghana Cocoa Board (COCOBOD) has debunked reports that it has aborted the cocoa syndication loans for the 2023/2024 crop season, saying, it is in process of raising $800 million from a syndicate of banks to finance cocoa purchases. “Since the beginning of the Season, cocoa purchases have been financed with non-collateralised cocoa sales…