Ghana Cocoa Board will raise $1.3 billion in syndicated loans for its operations in the 2019/2020 season, the Minister of Finance Mr Ken Ofori-Atta announced in Parliament on Monday. In addition to the annual syndicated loan of US$ 1.3 billion, COCOBOD has initiated processes with the African Development Bank (AfDB) to raise additional US$600 million, […]
Tag: Cocoa Syndicated Loan
NDC Minority accuses gov’t of misapplying 650 million dollars of cocoa syndicated loan
The opposition National Democratic Congress (NDC) minority in Parliament is accusing government of misapplying the first tranche of the 1.3 billion dollars of the cocoa syndicated loan for the 2018/19 crop year. A statement issued by the minority and signed by Cassiel Ato Forson, ranking member of the Finance Committee in Parliament said the 650 […]