Ghana's parliament approved on Wednesday a grant of $300 million for cocoa industry regulator Cocobod to refinance debt, parliamentary sources told Reuters.
Parliament approves $300M for cocoa regulator
The government secured a syndicated loan of $1.8 billion in September to finance cocoa purchases in the world's second largest producer and the $300 million is additional to that.
Men pour out cocoa beans to dry in Niable, at the border between Ivory Coast and Ghana in a file photo. REUTERS/Thierry Gouegnon
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