The regulator signed for the financial facility with the partnering banks in Frankfurt, Germany for the season which opens in October.

Ghana is the world’s second largest producer of the chocolate beans after western neighbors Cote d’Ivoire. It hopes to produce between 850 to 900 metric tonnes during the next season.

Addressing the media via video-conferencing from Germany, Chief Executive Officer (CEO) of Ghana Cocoa Board, Stephen Opuni noted that a similar syndicated facility taken for the last cocoa season had been paid fully, ensuring great confidence in the country’s cocoa sector.

The cocoa syndicated loan taken annually is one of the reliable sources of badly needed foreign exchange in Ghana. Enditem

Source: Xinhua/News Ghana


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