COCOBOD Archives - Page 4 of 6

14 Sep

The DNA Of NDCs Leading Some Of The Groups Are Filled With Lies And Propaganda- COCOBOD CEO

wontumionlineFeatured, News, TrendingCOCOBOD, Hon Joseph Boahen Aidoo, Movement In The Morning, Propaganda

Chief Executive of COCOBOD, Honorable Joseph Boahen Aidoo, has described the NDCs leading some of the cocoa farmer groups, as persons whose DNAs are filled lies and propaganda. Speaking in an interview with Kwaku Dawuro, on Movement In The Morning show, on Movement TV/Wontumi radio, Hon Joseph denied all claims and allegations levelled against him and COCOBOD, with regards to hoarding a larger percentage of cocoa sales at the expense of the betterment of lives of cocoa farmers. He responded the allegation of the board taking 40% of cocoa money at the expense of farmers by saying that '' i…

14 Sep

Ato Forson And Eric Opoku Have Their DNA’s Filled With Lies- CEO, COCOBOD

wontumionlineFeatured, News, TrendingCOCOBOD, Joseph Aidoo

The CEO of Ghana COCOBOD, Joseph Boahen Aidoo, has rebuked the minority leader in Parliament and the NDC for criticizing government for the increment of producer price for cocoa. According to the Minority, the recent increase in cocoa prices by the government is actually a rip off on the famers. In a press conference in the Ahafo Region, the Minority Leader, Dr. Cassiel Ato Forson accused the government of shortchanging the farmers. He said farmers should have received at least GH¢2,500 per cocoa bag, considering the high price of cocoa on the international market. However, Mr. Aidoo noted that the…

13 Sep

COCOBOD Boss Schools Mahama In Open Letter

wontumionlineBusinessCOCOBOD, 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

wontumionlineBusinessCOCOBOD, 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

wontumionlineNewsCOCOBOD, 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

wontumionlineNewsCOCOBOD

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

wontumionlineBusinessCOCOBOD

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…

11 Jul

COCOBOD’s 10,000 Staff Population Raises Concerns For Increasing Operational Costs

wontumionlineNewsCOCOBOD, Ghana Cocoa Board

An Economist and fiscal policy expert, Dr Alex Ampaabeng has decried the increasing number of staff at the Ghana Cocoa Board. According to him, this has led to an astronomical increase in the company’s operational expenditures. According to him, this has been a contributing factor to the country’s inability to make profits over the years. Shedding light on the causes of COCOBOD’s financial struggles, Dr. Ampaabeng said there was an influx of 2,300 new employees in a single year, spanning from 2019 to 2020, driving the total staff count to exceed 10,000 individuals. “In just one year which is from…

04 Jul

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

wontumionlineBusinessCOCOBOD

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

wontumionlineBusinessCocoa, 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…