Ghana's Cocobod has borrowed between $150 million and $200 million from cocoa traders to finance bean purchases since the 2023/24 season opened, due to a delay in securing a bank loan, the regulator's public affairs manager said on Tuesday.
Cocoa beans are pictured next to a warehouse at the village of Atroni, near Sunyani, Ghana April 11, 2019. REUTERS/Ange Aboa/File photoACCRA, Nov 7 -
Cocobod plans to borrow $1.2 billion for this season, of which $800 million will come from a syndicate of lenders and $400 million from other sources, it previously said.
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