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IMF backs Ghana’s new cocoa financing model

© Unsplash
  • 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.

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