Brexit pushes rate on COCOBOD loan to 1.47%
Maxwell Akalaare Adombilla
1 minute read
The increment in the rate was due, largely, to the Brexit, which created some anxiety in the international financial market, leading to marked increments in cost of funds.
The Public Affairs Manager of the board, Mr Noah Amenya, told the Graphic Online in Accra that this year's loan was oversubscribed to the tune of US$2.44 billion.
He attributed the oversubscription to growing interest in the board's activities arising from the credibility it attained over the years.
The board has since the 1992/3 cocoa season raising funds through a consortium of bank to support cocoa production
