Ghana's cocoa regulator Cocobod has received the first disbursement of $200 million of the syndicated loan facility. Atsuko Toda, Director of Agricultural Finance and Rural Development at the AfDB joins CNBC Africa to look at how cocoa-producing countries in Africa can improve their productivity and drive value addition.
The Development Bank of Southern Africa, alongside other development finance Institutions, are co-financing Ghana’s COCOBOD Syndicated Loan Agreement with a total of $600 million in a move aimed at boosting Ghana’s cocoa productivity. Mohan Vivekanandan, Group Executive, Origination and Client Coverage at The Development Bank of South Africa joins CNBC Africa for more.
The multi-million dollar agreement is a milestone for the Bank-convened Africa Investment Forum, a transactional platform dedicated to transforming the continent’s investment and development agenda, which kicked off in Sandton City Johannesburg on Monday.
Ghana expected to produce 850,000 tonnes of cocoa in 2019/20 season, at the lower end of average levels…Here’s why
Ghana, the world’s second largest cocoa producer, is expected to produce 850,000 tonnes of cocoa in 2019/20 season, at the lower end of average levels on account of...