{"id":1215664,"date":"2022-10-03T19:48:05","date_gmt":"2022-10-03T19:48:05","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/10\/03\/cocobod-secures-us1-13billion-to-purchase-cocoa\/"},"modified":"2022-10-03T19:48:05","modified_gmt":"2022-10-03T19:48:05","slug":"cocobod-secures-us1-13billion-to-purchase-cocoa","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/10\/03\/cocobod-secures-us1-13billion-to-purchase-cocoa\/","title":{"rendered":"COCOBOD secures US$1.13billion to purchase Cocoa\u00a0"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Accra, Oct. 3, GNA \u2013 The Ghana Cocoa Board (COCOBOD) has secured US$1.13 billion from a consortium of international banks to meet its financing needs to purchase cocoa and related operations for the 2022\/23 cocoa crop season.\u00a0<\/p>\n<p>The Board signed the agreement with Standard Chartered Bank Ghana Limited on behalf of the other lenders.\u00a0<\/p>\n<p>Minister of Finance, Ken Ofori-Atta, witnessed the signing ceremony together with the Minister of State at the Ministry of Finance, Charles Adu Boahen, and Dr Ernest Addison, the Governor of the Bank of Ghana.\u00a0\u00a0<\/p>\n<p>\u201cDespite the challenging context for COCOBOD and Ghana this year, the new annual financing for a thirtieth successive year closed successfully with the strong support of its relationship banks and enhanced level of collateralisation and pricing, confirmed the longstanding successful track record of this PXF,\u201d a statement said.\u00a0\u00a0<\/p>\n<p>The Ghanaian government confirmed its long term and continuous support to COCOBOD and to the domestic cocoa industry given the sector\u2019s long standing critical role in the Ghana economy. As a structured performance risk loan lenders continue not to require a sovereign guarantee, the statement added.\u00a0\u00a0\u00a0<\/p>\n<p>GNA\u00a0<\/p>\n<p><h3 class=\"jp-relatedposts-headline\"><em>Related News<\/em><\/h3>\n<\/p><\/div>\n<p><script type=\"6194a48280b57b2a479af5a9-text\/javascript\">(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&appId=249643311490&version=v2.3\"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Accra, Oct. 3, GNA \u2013 The Ghana Cocoa Board (COCOBOD) has secured US$1.13 billion from a consortium of international banks to meet its financing needs to purchase cocoa and related operations for the 2022\/23 cocoa crop season.\u00a0 The Board signed the agreement with Standard Chartered Bank Ghana Limited on behalf of the other lenders.\u00a0 Minister [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1215665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[181,182,5832,564,26830],"class_list":["post-1215664","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-cocoa","tag-cocobod","tag-purchase","tag-secures","tag-us1-13billion"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1215664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1215664"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1215664\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1215664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1215664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1215664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}