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.
Quick Summary
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?
Summary - read the full story for complete context.

Image: MyJoyOnline
GhanaFront aggregates news from trusted sources. Click to read the original article.
Keywords
Explore related tagsMore from MyJoyOnline
Related Stories
More from Business & Economy

Ghana must retain more value from mineral resources - Davis Opoku Ansah
The Mpraeso MP insists Ghana must secure stronger national benefits from its resources - but how?
1d ago•2 min read

Oil rises as fears of ship attacks and seizures persist
Tensions in the Strait of Hormuz continue to rise - but what impact will this have on global oil prices?
3h ago•2 min read

Trump ethics filing reveals thousands of trades tied to US corporate securities
New ethics filings reveal a flurry of financial activity by Donald Trump - but what could be the implications?
3h ago•2 min read

Trump and Xi hold talks but no trade deal agreed
Trump and Xi met, with symbolism heavy- but will this fragile trade truce hold?
6h ago•4 min read



