COCOBOD finds suitable lenders for its 1.3 billion loan

Ghana Cocoa Board

Ghana Cocoa Board said it has appointed five lenders, including Amro Bank and Bank of China, to arrange its 1.3 billion-dollar syndicated loan to meet the financing needs of the 2018/19 cocoa season.

The Board said, in a statement issued, that the Standard Chartered Bank, Industrial and Commercial Bank of China and Ghana International Bank are co-arrangers of the loan facility.

Some 15 international banks participated in the high quality tender process, it said.

The loan agreement would be signed in London, the statement said.

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