COCOBOD Archives - Page 4 of 5

13 Sep

COCOBOD Boss Schools Mahama In Open Letter

Wontumi1BusinessCOCOBOD, Ghana Cocoa Board, John Dramani Mahama

The Chief Executive Officer (CEO) of the Ghana Cocoa Board (Cocobod) has penned an open letter to former President John Dramani Mahama on the latter’s recent post on social media about the new cocoa price. Joseph Boahen Aidoo insists that in advocating the welfare of cocoa farmers, Mr Mahama, who has been in government before, he wrote, should consider “the broader context before passing judgement”. “Since you have had the privilege of being in government before as the number one gentleman of the country, it is expected that you would be familiar with the process for determining the producer price…

30 Aug

COCOBOD Pegs Participation In Exchange Programme At 97% With Over ¢7Bn Bills Tended

Wontumi1BusinessCOCOBOD, Ghana

The Ghana COCOBOD has pegged participation in its Debt Exchange Programme at 97 percent with over ¢7 billion worth of bills that has been tended. This was after the programme ended last Friday August 25, 2023. COCOBOD in July this year launched its Cocoa Bills Exchange Programme to restructure almost ¢8 billion worth of debts. COCOBOD, however maintained that settlements will now be done on September 4, 2023 instead of Thursday August 31, 2023. “We refer to the debt securities exchange programme launched by the Ghana Cocoa Board (“COCOBOD”) on 14th July 2023 (the Exchange Programme). COCOBOD announces today the…

15 Aug

Ongoing Cocoa Road Projects Will Be Completed — COCOBOD CEO

Wontumi2NewsCOCOBOD, Joseph Boahen Aidoo

The Ghana Cocoa Board (COCOBOD) says it will complete all ongoing cocoa road projects across the country. It also said no new project would be initiated due to the current Government financial bailout programme with the International Monetary Fund (IMF). Mr Joseph Boahen Aidoo, the Chief Executive Officer (CEO) of COCOBOD explained that due diligence sustainable production by the European Union (EU) and the IMF programme permitted continuation of existing projects. He was speaking to journalists at a symposium to mark the 50th Anniversary Celebration of the Cocoa Clinic. The construction of cocoa roads is to help resolve transport issues…

11 Aug

We Commend COCOBOD For Initiating Steps To Protect Cocoa Farms – ASSF

Wontumi2NewsCOCOBOD

The Africa Schools Sanitation Foundation has behalf of Ghanaian schoolchildren, applauded COCOBOD for putting protective measures in place to safeguard cocoa farms from the effects of illegal mining operations. In a statement, the non-governmental organisation praised COCOBOD for establishing the Galamsey Desk in the Chief Executive’s office to protect cocoa farms from galamsey threats through advocacy for applying statutes and other campaigns. It stated that illegal miners’ activities endanger schoolchildren’s lives and that COCOBOD’s efforts to address the issues are commendable. It congratulated Prof. Michael Kwarteng on his appointment as Head of the Galamsey Desk. The NGO, as part of…

02 Aug

COCOBOD Revises Deadline For Debt Exchange Programme To August 3

Wontumi1BusinessCOCOBOD

The Ghana Cocoa Board (COCOBOD) has revised the deadline for its debt exchange programme to Thursday August 3 from the initial announcement of August 4, 2023. This, the Board explains is in compliance with the directive regarding the observation of August 4 as a statutory public holiday. On July 14, the Ghana Cocoa Board (COCOBOD) launched a debt securities exchange programme (cocoa bills) to exchange that for a longer-term debt security. Notwithstanding the invitation to exchange eligible bills for the new bonds, COCOBOD, in its sole discretion, may settle the eligible bills in full or in part and the eligible…

04 Jul

COCOBOD Says It Is On Course To Achieve Goals Of Ghana Cocoa Traceability System

Wontumi1BusinessCOCOBOD

Dr. Emmanuel Opoku, Deputy Chief Executive in charge of Operations at Ghana Cocoa Board (COCOBOD), has given the assurance that Ghana would continue to sell cocoa to the European Union considering the significant progress made in efforts to achieve the goals of the Ghana Cocoa Traceability System (GCTS). He, therefore, urged all stakeholders to come on board and play their respective roles in ensuring that Ghana becomes the leading producer of traceable cocoa. Dr. Opoku said these at a COCOBOD/EU/GIZ-SCISP Ghana Cocoa Traceability System (GCTS) Stakeholder Workshop held at Elmina in the Central Region. According to him, as part of…

19 Jun

GHS50k Offer To A Cocoa Farmer By Galamseyer To Sell Farm Lands Is Too Enticing – COCOBOD

Wontumi1Businesscocoa, COCOBOD

The quantum of money usually offered to cocoa farmers by illegal small-scale miners (Galameyers ) is enticing and irresistible to the farmer, the management of Ghana Cocoa Board (COCOBOD) has said. Head of Public Affairs of COCOBOD Stephen Fiifi Boafo told Johnnie Hughes on the Sunrise show on 3FM Monday, June 19 that the cocoa farmer may not have seen in his entire life Ghs100,000 or GHS50,000 therefore when they are offered these amounts by the galamseyers, they are tempted to sell their lands without considering the effect of their decision. Addressing concerns of cocoa farmers selling their lands to illegal miners, Fifi Boafo told Johnnie…

16 Jun

Galamsey Robs You Of Your Future Pensions – Head Of COCOBOD Public Affairs Dept Tells Cocoa Farmers

Wontumi1BusinessCOCOBOD, Pensions

The Head of Public Affairs at COCOBOD, Mr. Stephen Fiifi Boafo, has reiterated the devastating socio-economic consequences that illegal mining (galamsey) is having on the future livelihoods of cocoa farmers in the country. According to him, illegal miners are robbing farmers of their lifetime earnings, as well as a legacies that could bequeath to their generations. He said though perpetrators of illegal mining activities make juicy promises to cocoa farmers, luring them to give away their cocoa farms, these innocent farmers have ended up being in an impoverished situation with nothing to depend on upon retirement. The Head of Public…

13 Jun

You Are Going To Nsawam- Abronye Tells Dr. Opuni Over GHC420M Missing Cash (Video)

Kakra NunuFeatured, NewsCOCOBOD, Dr. Stephen Opuni

The Bono regional Chairman for the New Patriotic Party, Kwame Baffoe has predicted that Dr. Stephen Opuni, would be incarcerated for allegedly stealing over GHC200 million state funds belonging to the Ghana Cocoa Board. Under the tenure of former President John Mahama, Dr. Stephen Opuni, as head of COCOBOD, secured a $1.8 billion commodity loan from the international money market to boost cocoa purchasing and production in Ghana. But shortly after the National Democratic Congress (NDC) lost power, several millions which was unused by COCOBOD got missing from state coffers. The government of President Akufo-Addo has taken up the matter…

04 Feb

COCOBOD To Appear Before Parliament On Cocoa Payment

Wontumi2BusinessCOCOBOD

The Ghana Cocoa Board (COCOBOD) is to appear before Parliament over non-payment to cocoa farmers through their respective Licensed Buying Companies (LBC) for the period of the 2020/21 crop season. First Deputy Speaker Joseph Osei-Owusu gave the directive in a reaction, after a statement by Mr Kofi Adams, MP for Buem, and contributions on the statement by Members, on the plight of cocoa farmers in cocoa growing areas in Ghana, for not receiving payments. The Speaker further directed the Leadership of the House to programme officials of the board to meet The Committee of The Whole of Parliament to discuss…