Ghana Cocoa Board’s (Cocobod) annual approach to the market is imminent, with Barclays Capital, Natexis Banques Populaires, Royal Bank of Scotland and Standard Chartered mandated as lead arrangers. This year the loan amount increases to US$500mn. This is up from US$320mn last year. The margin goes down to 50bp from 52.5bp however.

Arrangers last year were Barclays, Commerzbank, Cr édit Lyonnais, DZ Bank, Ghana International Bank, ING, Natexis, Rabobank, Royal Bank of Scotland, Standard Chartered and UFJ Bank.