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IFC deepens agric sector financing
Agribusiness

IFC deepens agric sector financing

  • Backs Absa with US$50m risk cover for US$200m cocoa push
  • Complete Farmer gets US$3.06m for farmer support
Published September 22, 20263 min read

The International Finance Corporation (IFC) is backing up to US$200million in cocoa financing by Absa Bank Ghana through a US$50million risk participation facility, in a move aimed at ensuring Licensed Buying Companies (LBCs) have funding to purchase cocoa from farmers throughout the buying season.

Published by Juliet Etefe
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