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Ghana’s Cocobod is facing delays in securing its usual syndicated loans and has opted to borrow between $150 million to $200 million from cocoa traders to partially finance bean purchases for the 2023/24 season. Fiifi Boafo, the regulator’s public affairs manager, informed Reuters that the challenges in obtaining loans from banks led Cocobod to explore alternative sources, such as loans …

Chief Executive of Dalex Finance, Ken Thompson has expressed concern about the country’s ballooning debt and public expenditure. According to him, the ongoing economic downturn has exacerbated the economic hardship in the country raising the need for immediate measures to improve living conditions in the country. He said whereas the government had benefitted from a 50 billion cedis injection into …

The Majority Leader has attributed the delay in the reconstruction of the La General Hospital to a hold-up in funds by the facility’s sponsors. According to Osei Kyei-Mensah-Bonsu, the sponsors had halted funding following Ghana’s engagement with the International Monetary Fund (IMF). He was responding to questions from Member of Parliament for La Dade-Kotopon, Rita Odoley Sowah. Speaking on the …