Ghana Cocoa Board, a Ghanaian government institution that oversees the cocoa sector, has successfully implemented its first syndicated loan with sustainable development objectives, amounting to US $ 300 million and a 3-year maturity. Societe Generale acted as bookrunner and E & S coordinator of the operation.
Societe Generale’s E & S expertise, coupled with its consulting and structuring capabilities, was key to supporting Ghana Cocoa Board in setting up this inaugural operation. Emmanuel Chesneau, Head of Global Commodity Financing at Societe Generale commented: “We are proud to sign the first syndicated operation related to sustainability issues with an African company. This innovative transaction is another proof of Société Générale’s long-term commitment to Ghana Cocoa Board and Ghana’s cocoa sector. This is fully in line with the Grow with Africa Group initiative. Sandrine Enguehard, Head of Impact Structuring at Société Générale, said: “We continue to develop our sustainable financing offer within the Bank and it is an honor to help our clients in structuring financing solutions, which support their ambition in the field of CSR. We are particularly pleased to have helped Ghana Cocoa Board to include in this new facility targets that address some of the most important challenges facing the cocoa sector. “
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