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Ghana Cocoa Board (COCOBOD) has raised $1.3 billion pre-export finance facility to help the organisation purchase cocoa for the 2020/21 season. The facility was priced at an interest rate of one month LIBOR plus 1.75%. Last month, a legislative report indicated that the transaction charges were an upfront flat fee of 1.25% and a commitment fee of 0.62%. The money was raised from a syndication of 4 local and 24...
