For 32 years, it was the envy of commodity-dependent developing nations: a billion-dollar syndicated loan facility that allowed Ghana to borrow against its cocoa harvest months before a single bean was harvested. This week, Finance Minister Dr. Cassiel Ato Forson declared it dead. “The current financing model was invented as a necessity after the syndicated … Continue reading The Death of Ghana’s Enviable Cocoa Syndicated Loan System: How the World Stopped Lending