Ghana Cocoa Board said it has appointed five lenders, including Amro Bank and Bank of China, to arrange its 1.3 billion-dollar syndicated loan to meet the financing needs of the 2018/19 cocoa season.
The Board said, in a statement issued, that the Standard Chartered Bank, Industrial and Commercial Bank of China and Ghana International Bank are co-arrangers of the loan facility.
Some 15 international banks participated in the high quality tender process, it said.
The loan agreement would be signed in London, the statement said.
Source: GNA
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |