COCOBOD owes GHc10bn

COCOBOD owes GHc10bn

- The Chief Executive Officer of Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, has revealed that the Board owes GHc10 billion

- He further mentioned that this debt was inherited from the previous administration led by Dr. Stephen Opuni

- He again said that the Board is implementing measures to clear the debt by the end of September this year.

COCOBOD owes GHc10bn

Cocoa

It has been revealed by the Chief Executive Officer (CEO) of Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, that the previous administration left a debt of GHc10bn. He went on to say that, as CEO, this has been a major challenge, since he assumed office.

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Aidoo, formerly a Member of Parliament for Amenfi Esst and again a former Minister for the Western Region during the Kufuor Administration, assumed office as head of the Board in February this year. He took over from Dr. Stephen Opuni, who was appointed by former President John Mahama.

He gave an indication that measures are being put in place to settle the debt, and as such he expects the total amount to have been paid latest by the end of September, this year.

As a result, bonuses to workers, as well as end of year anniversaries have been withheld

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Another challenge inherited, according to him, is the fall in the tonnes of cocoa beans produced. He stated that 1 million metric tonnes were being produced during the Kufuor administration, but it fell to 778,000 metric tonnes.

He was of the opinion that even though there were other challenges, these two were the main ones, and as such measures would be put in place to deal with them shortly.

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Source: Yen.com.gh

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