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Ghana gets $1.2 bln loan for cocoa trade: AfDB

By on September 25, 2009

The African Development Bank (AfDB) and other institutions have arranged a $1.2 billion short-term loan for Ghana’s cocoa board to plug a trade finance gap caused by the global financial crisis.

The AfDB said in a statement it would provide $100 million in two tranches as part of the Trade Finance Facility set up to mitigate the impact of economic crisis in Africa. It did not say who the other lenders were.


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