News
25 June 2020
Cocobod receives $200m tranche to boost cocoa production
In:
Agriculture/food chain
Region:
Middle East & Africa
The Ghana Cocoa Board (Cocobod) has received a $200 million loan facility from a consortium of banks - the first tranche of a $600 million credit line signed in 2017.
The consortium was led by the Japan International Cooperation Agency and included the Africa Development Bank, Development Bank of South Africa, Credit Suisse, the Industrial and Commercial Bank of China, and Italy's CDP.
The facility will help increase cocoa production through Productivity Enhancement Programmes, as well as improve irrigation facilities, the expansion of warehousing capacity, processing and promotion of cocoa consumption, and the creation of a reliable database required for the distribution of inputs to farmers.
