IMF backs Ghana’s new cocoa financing model

• Fund says trade-based approach easing liquidity constraints
• Cocobod aims to cut $150m in annual interest costs

ACCRA, GHANA – Ghana’s efforts to reform cocoa sector financing are beginning to show results, with the International Monetary Fund (IMF) noting that a new trade-based model introduced by the Ghana Cocoa Board (Cocobod) has helped ease liquidity pressures, particularly in ensuring faster payments to farmers.