FEDCo raises GH¢72.5m on GSE to enhance growth

Federated Commodities PLC (FEDCo) is a licensed buying company. It has raised GH¢72.5 million on the Ghana Stock Exchange (GSE). This funding will help improve the company's liquidity and growth.

The money was raised through the Commercial Paper Market. This market is part of the Ghana Fixed Income Market (GFIM) on the GSE. The funds will enhance FEDCo's ability to buy cocoa this light crop season.

The GSE launched the Commercial Paper last year. It aims to help companies raise short-term loans for their operations.

On Friday, FEDCo was admitted to the Ghana Fixed Income Market. Abena Amoah, Managing Director of the GSE, announced this news. She noted that FEDCo is the first company admitted to the GFIM market.