- Ghana Cocoa Board (Cocobod) 2020/21 Facility
Ghana Cocoa Board (Cocobod) 2020/21 Facility
|Borrower||Ghana Cocoa Board|
|Financing Type||Private Sector & Trade Finance|
|OPEC Fund Contribution (US$m)||50.00|
The OPEC Fund participated in a $1.3bn syndicated pre-export finance facility for Cocobod, for the purchase of cocoa beans from the 2020/21 harvest. Cocoa is one of the largest foreign exchange earners for Ghana and the cocoa industry is a major source of employment, with around 800,000 families active in cocoa farming. Cocobod’s functions range from providing quality control to the industry, to making seeds and pesticides available and marketing cocoa beans and cocoa products.