Cocobod expects bigger harvest of 850,000 tons in 2023-24 Farmers travel long distances to find few foreign buyers
Ghana is seeking to borrow $400 million from cocoa traders to finance industry operations as it struggles to secure an annual loan from international banks amid a government debt restructuring.
The Ghana Cocoa Board, the industry regulator known as Cocobod, is tapping traders including Olam Group Ltd. and Barrry Callebaut AG to pre-finance seedlings, chemicals, fertilizers and purchases of beans from farmers in the 2023-24 season, according to people familiar with the talks.