Ghana: Cocoa buying season is imminent

The World’s second-biggest cocoa producer after neighboring Ivory Coast, secured last week USD 1.3 billion syndicated facility from international banks to kick off the season.

Ghana expects to produce about 900,000 MT of cocoa this year.

Why should I care?
Such fund injection will boost Ghana’s foreign exchange reserves and stabilise the wobbling country’s currency, the Cedi.

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