Joseph Boahen Aidoo Archives

16 Oct

Zero Borrowing Arrangement Makes Cocoa Sector More Sustainable – COCOBOD CEO

wontumionlineBusinessCOCOBOD, Joseph Boahen Aidoo

Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, says the decision to finance cocoa purchase for the 2024/2025 crop season through zero borrowing arrangement formed part of government’s plan to make the sector more viable and sustainable. He explained that the zero borrowing arrangement marked a major shift from the existing system of financing cocoa purchase over the years through loans from external sources, and constituted a new financing innovation designed to reduce the cost of borrowing to the board. Taking his turn at the bi-weekly Minister’s Briefing organised by the Ministry of Information in Accra…

14 Sep

Government Declares War On Cocoa Smuggling Following Drop In Output

wontumionlineBusinessCOCOBOD, Joseph Boahen Aidoo, Minority

Government has declared a war on cocoa smuggling to neighboring countries. This follows a drop in the latest production output of about four hundred thousand metric tons which translates into almost 600 million dollars in loss to the state. Documents available to JoyNews suggest the drop was a result of the smuggling of the beans to neighboring countries, especially Cote d’Ivoire, Burkina Faso, and Togo. Subsequently, government adjusted the producer price in the hope of encouraging farmers and preventing smuggling. Speaking during an interview, the Food and Agricultural Minister, Bryan Acheampong said steps have also been taken to deal with…

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…

03 Mar

Galamsey Is Making Cocoa Farming Expensive – COCOBOD

wontumionlineBusinessCOCOBOD, Galamsey, Joseph Boahen Aidoo

The Ghana Cocoa Board (COCOBOD) is lamenting over activities of illegal mining (galamsey) operators in some cocoa growing areas of the country, which it describes as making farming expensive. According to the Chief Executive of COCOBOD, Joseph Boahen Aidoo, the menace is adversely affecting water resources, used for irrigation, thereby destroying the environment. He was speaking to joy Business after inaugurating a committee to promote the consumption of cocoa in the country. The nine member committee chaired by the Deputy Director of Public Affairs of COCOBOD, Fiifi Boafo, is to ensure adequate promotion of cocoa products and domestic consumption in…

01 Mar

Ghana’s Average Cocoa Consumption Hits 1 Kilogramme Per Annum

wontumionlineBusinesscocoa consumption, COCOBOD, Joseph Boahen Aidoo

The country’s consumption of cocoa and chocolate products have increased significantly from an average of 0.5 kiogramme to 1 kilogramme per annum. Ghana Cocoa Board (CCOBOD) has thus described as a huge milestone, considering the low level of consumption in the country previously. Speaking to inaugurate the National Planning Committee for the promotion of cocoa consumption in the country, Chief Executive of COCOBOD, Joseph Boahen Aidoo said the country needs to consume more cocoa locally to generate more value for cocoa farmers. “The inauguration of the committee is crucial in Ghana COCOBOD’s quest to increase consumption to about 5 kilogrammes…