FEDCO redeems Commercial Paper issued on GSE
Federated Commodities PLC (FEDCO), a leading local cocoa buying company, has successfully redeemed its Commercial Paper, a significant milestone after its historic listing on the Ghana Fixed Income Market (GFIM).
FEDCO raised GH¢72.5 million from the Commercial Paper programme and has paid GH¢78.36 million, being the principal and interest on the amount raised to fund its activities.
The company made the final payment last Friday.
It was the first listing on the GFIM since the Ghana Stock Exchange (GSE) launched the Commercial Paper Market in 2024.
The redemption demonstrates the company's commitment to building and sustaining investor trust in Ghana's financial market.
The Managing Director of FEDCO, Maria Adamu-Zibo, said the capital raised provided a ‘strategic leap’ to the company, and encouraged other businesses to explore GFIM in raising short-term funding.
She said that even though the last payment date was on August 17, 2025, the company decided to complete the payment before the due date.
“We are an organisation that lives up to our promise,” she said.
The Commercial Paper Market offers a transparent platform for short-term financing, and FEDCO’s listing is expected to pave the way for more corporate issuers to explore similar capital-raising avenues.
The transaction was facilitated by First Atlantic Bank Ghana, First Atlantic Brokers, Deloitte Ghana, G.A. Sarpong & Co, Glico General, GCB Bank PLC, the Central Securities Depository (CSD) and Beacon Ratings.
CP Market
The Commercial Paper (CP) Market provides a robust and efficient environment for short-term borrowing and lending, ensuring transparency and easy access to price information for all participants.
According to the GSE, the CP market was poised to enhance the growth of the capital market.
A regulated CP market enables issuers to diversify their short-term borrowing sources, while investors gain access to a valuable short-term financial instrument with market-driven rates of return.
