- Pre-Export Receivables Backed Trade Finance Facility
Pre-Export Receivables Backed Trade Finance Facility
|Borrower||Ghana Cocoa Board|
|Financing Type||Private Sector & Trade Finance|
|OPEC Fund Contribution (US$m)||50.00|
The facility provides a total of US$1.5 billion to support the financing needs for Ghana’s main and light cocoa crop for the 2021/22 season and other cocoa-related operations. A consortium of 28 banks were party to the facility and the proceeds are to be used to purchase an expected 950,000 tonnes of cocoa for the period. Ghana is the second largest cocoa exporter worldwide with a 20 percent market share.