Perspective
27 September 2016
Drought but no doubt: Cocobod seals PXF with 36% oversubscription
Region:
Middle East & Africa
Despite a crop-damaging drought and fears about production levels, the Ghana Cocoa Board (Cocobod) has refinanced its annual PXF in a vastly oversubscribed facility. The deal is set to finance the 2016/17 harvest and remains one of Sub-Saharan Africa’s largest commodity finance deals.
