• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Agribusiness

Cocoa Bills: COCOBOD raise Ghs 11 billion to finance cocoa beans purchases

4 years ago
in Agribusiness, highlights, Home, home-news, latest News
1 min read
0 0
0
229
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

COCOBOD, is reported to have raised some Ghs 11.7 billion from the issuance of short-term securities with a maturity date of six-months this year.

The bills issued, per reports, was to make up for the purchase of extra cocoa beans produced for the 2020/2021 crop season.

Speaking to Bloomberg, Head of Finance and Administration at COCOBOD, Ray Ankrah said harvested cocoa beans as of June 3, 2021, was about 965,493 metric tons, some 65,493 metric tonnes more when compared with a target of 900,000 tons for the whole crop year that ends in September 2021.

Hence, the need to issue short-term securities to finance the cocoa purchases as well as maturing debt obligations.

Read: Ghana’s inflation rate to remain within target in the short-term – Standard Bank

Usually, COCOBOD borrows some $1.3 billion syndicated loan from foreign banks to fund cocoa beans purchases every year.

Presently, yields on the bills are falling, as traders speculate that the regulator will make more income from the bumper crop.

RelatedPosts

Government Announces Death of Former First Lady Nana Konadu Agyeman-Rawlings

New UN Forum Aims to Tackle Developing Economies’ Debt Issues

Dangote Plans 10% Sale of Refinery Shares

The Ghs 1.3 billion, 182 day securities issued at 17.65 percent on May 18, are currently trading at 15.65 percent.

Source: norvanreports
Tags: CocobodRay Ankrah
No Result
View All Result

Highlights

CAL Bank’s Total Assets Drop by GHS 1.42bn in Q3 2025; CAR Remains Below Regulatory Threshold

Former First Lady Nana Konadu Agyeman-Rawlings Passes Away at 77

GFA President Commends Ghanaian Media, Calls For Continued Collaboration to Advance Football Development

Africa Loses $5bn Annually to Forex Transactions, Says AfCFTA Secretariat

World Bank Unveils IFC2030 Strategy to Boost Private Capital and Job Creation

Domestic Debt Surpasses External Debt for the First Time in Years

Trending

Features

Government Announces Death of Former First Lady Nana Konadu Agyeman-Rawlings

October 23, 2025

Government Announces Death of Former First Lady Nana Konadu Agyeman-Rawlings The Government of Ghana has announced with...

New UN Forum Aims to Tackle Developing Economies’ Debt Issues

October 23, 2025

Dangote Plans 10% Sale of Refinery Shares

October 23, 2025

CAL Bank’s Total Assets Drop by GHS 1.42bn in Q3 2025; CAR Remains Below Regulatory Threshold

October 23, 2025

Former First Lady Nana Konadu Agyeman-Rawlings Passes Away at 77

October 23, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.