Access Bank Ghana budgets GH¢1bn for cocoa purchases in 2025
Access Bank Ghana, in partnership with the International Finance Corporation (IFC), will set aside about GH¢1 billion in 2025 to support the operations of cocoa-licensed buying companies and value chain actors.
Pearl Nkrumah, Managing Director of Access Bank Ghana, said the support for cocoa purchasing, which started with a GH₵100 million budget five years ago, had increased to boost Ghana's exports and agricultural sector. The Bank plans to extend support to cash crops, including cashew and shea. The bank has disbursed loans to agribusinesses at a single-digit rate (4 per cent) through the Mastercard Foundation. About 40 per cent of the customer base beneficiaries for the single-digit loan interest are from the Ashanti Region.
Ms. Nkrumah said the Bank would continue to seek partners to support agricultural development, while pledging to intensify programmes aimed at fostering the growth of SMEs. Access Bank Ghana aims to achieve net-zero goals by 2027. Key programmes include the "Waste is Useful" project (plastic recycling), tree-planting campaigns, and operations from an IFC-certified "EDGE" green head office that reduces energy and water consumption.
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Access Bank Ghana, in collaboration with the IFC, plans to invest in Ghana's cocoa sector. The bank aims to support cocoa-licensed buying companies and value chain actors - but what impact will this have?
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