{"id":148267,"date":"2015-09-02T11:19:55","date_gmt":"2015-09-02T11:19:55","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=148267"},"modified":"2015-09-02T11:19:55","modified_gmt":"2015-09-02T11:19:55","slug":"cocobod-loan-cash-hits-account-in-october","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=148267","title":{"rendered":"Cocobod loan cash hits account in October"},"content":{"rendered":"<p>Citi Business News has gathered that cash from the cocoa syndicated loan will hit the account of Ghana Cocoa Board (<em>COCOBOD<\/em>) at the beginning of October,2015.<\/p>\n<p>[contextly_sidebar id=&#8221;48sE2DvLplVRVjrhf8iWC5KtBz6w8Bk9&#8243;]Sources familiar with the matter tell Citi Business News the various parties involved in the loan syndication including government who is serving as guarantor, <em>COCOBOD<\/em> which is the beneficiary and financial institutions who are creditors are currently finalizing\u00a0 the agreement.<\/p>\n<p>Cocobod which is the regulator of Ghana&#8217;s cocoa industry has been in talks with a consortium of international and local banks to seek a syndicated loan of 1.8 billion dollars to finance cocoa purchases in the 2015\/16 season which opens in October 2015.<\/p>\n<p>The facility is to enable COCOBOD to raise adequate funds to purchase cocoa beans from farmers through Licensed Buying Companies (LBC)s for the 2015 \/ 2016 cocoa season.<\/p>\n<p>Citi Business News has gathered the credit facility for the 2015 \/ 2016 crop season will be signed by September 17, 2015.<\/p>\n<p>Meanwhile the Finance minister Seth Tekper in an earlier interview confirmed Cocobod will seek additional funding for this year\u2019s syndicated loan from 1.8 billion dollars to 2 billion dollars.<\/p>\n<p>&#8211;<\/p>\n<p>By:\u00a0 Norvan Acquah \u2013 Hayford\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Citi Business News has gathered that cash from the cocoa syndicated loan will hit the account of Ghana Cocoa Board (COCOBOD) at the beginning of October,2015. [contextly_sidebar id=&#8221;48sE2DvLplVRVjrhf8iWC5KtBz6w8Bk9&#8243;]Sources familiar with the matter tell Citi Business News the various parties involved in the loan syndication including government who is serving as guarantor, COCOBOD which is the [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":46037,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[21,4],"class_list":["post-148267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-psychiatric","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/148267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=148267"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/148267\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/46037"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=148267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=148267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=148267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}