Parliament has approved a two billion dollar loan facility for the purchase of cocoa by the Ghana Cocoa Board (COCOBOD) for the 2016-2017 cocoa season.
READ ALSO: Presidential staff impostor dupes businessman of GH¢216,300
Key among the issues raised by the minority include the cost of $35.7 million meant for arrangement and participation fees, labor, and commitment fees among others and also the ambiguity regarding the terms of the loan.
In a related development parliament has begun investigating a report from the 2015/2016 expenditure of the Ghana Cocoa Board (Cocobod) which shows that the board spent $20,000 to rent a venue for a signing ceremony. Some members of the Minority caucus in Parliament raised concerns over the amount which was taken out of a $1.8 billion syndicated loan for the 2015/2016 crop season as they call for the chief executive officer of the board, Stephen Opuni to be interrogated.