Saturday, March 7, 2026
Banking & Finance

BoG backs IFC, Access Bank risk-sharing deal for cocoa sector

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By Benson Afful

The Bank of Ghana (BoG) has thrown its weight behind a risk-sharing guarantee scheme between the International Finance Corporation (IFC) and Access Bank Ghana Plc, aimed at bolstering Ghana’s cocoa value chain.

The scheme, signed on January 23, 2026, will provide essential working capital to Licensed Buying Companies (LBCs) in the cocoa sector, supporting rural livelihoods, export earnings, and exchange rate resilience, according to Second Deputy Governor Matilda Asante-Asiedu.

“Stability in the cocoa value chain safeguards rural livelihoods, strengthens export earnings, and supports exchange rate resilience,” Asante-Asiedu said at the signing ceremony.

The BoG official praised Access Bank Ghana’s strong performance, citing total assets of GHS 19.47 billion, reflecting market confidence and sound risk management.

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