CSO calls for immediate removal of COCOBOD CEO - Adomonline.com

Joseph Aidoo’s continuous stay in office after leading COCOBOD to great losses over the years.

He asserted under the watch of Dr Aidoo, COCOBOD has incurred losses never witnessed in the country.

“In 2017, COCOBOD made a loss of GHS 161.3 million, although its revenues had increased to GHS 10.25 billion from GHS 9.15 billion in the previous year

The company also made losses of GHS 78.22 million in 2018, GHS 320.57 million in 2019, GHS 426.32 million in 2020, and a staggering GHS 2.44 billion in losses in 2021.

“Meanwhile, this was a company that had made reasonable profits of GHS 329.3 million and GHS 152.15 million in 2014 and 2015 respectively

The losses which began in 2016 are ballooning by the years, reaching GHS 2.44 billion in 2021,” he explained.

The organization also blames President Akufo-Addo for the constant losses incurred by State Owned Enterprises as well as the surge to privatize most SOEs which are sold cheaply to cronies of the ruling government.