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New cocoa campaign: Cocobod will not request a syndicated loan in 2024/2025

22/08/2024
Source : ORISHAS-FINANCE
Categories: Raw materials Sectors

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La A new cocoa campaign is scheduled for September 1. Cocobod will not request a syndicated loan for the 2024/2025 cocoa season in Ghana. This is an unprecedented approach in 32 years.

Joseph Aidoo, director general of the 2024/2025 cocoa campaign, indicated that instead of the envelope usually contracted from a consortium of national and international lenders, the institution would opt for a mobilization funds at the domestic level and refutes any recourse to financing by traders. Nous ne prenons pas de fonds aupr s des n è cocoa gociants. The money ' will come locally. We are going to be self-financing. In the worst case, we will make a cocktail of self-financing and national financing ” explained the manager. He said that 'é le nouveau processus permettrait d style="font-family: "Bookman Old Style”, "serif">saved $150 million in int é RTS ê verse

é ê Yes to the porters.
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