Gtst Ghana Cocoa Tender

Project Number
50553
Company Name
Societe Generale Ghana
Date SPI Disclosed
Jan 16, 2025
Country
Ghana
Region
Africa
Projected Board Date
Feb 17, 2025
Environmental Category
FI-1
Status
Pending Approval
Last Updated Date
Department
Regional Industry - MAS Africa
Industry
Agribusiness and Forestry
Sector
Coffee, Cocoa, Tea
Project Description
The proposed investment is an unfunded risk participation of up to US$40 million equivalent in Ghana Cedis (GHS) in a US$80 million (equivalent in GHS) package of uncommitted unsecured self-liquidating facilities extended by Société Generale Ghana (SG Ghana or the Bank) to selected Ghana cocoa Licensed Buying Companies (LBCs). IFC's investment will support the financing by the Bank of leading LBCs for the procurement of traceable cocoa beans from smallholder farmers