Minority challenges COCOBOD’s GH¢3.4 billion head office cost
Published:
3 months ago
Source:
GhanaWeb
The Minority in Parliament has voiced serious concerns over what they describe as the mismanagement of the Ghana Cocoa Board (COCOBOD), citing a troubling disparity between rising administrative costs and declining cocoa production. The concerns come at a time when cocoa production in Ghana, a major export commodity, has witnessed a significant decline. According to the Minority, production levels have dropped to 655,000 tonnes over the past four years. Despite this downturn, COCOBOD's administrative expenditure has ballooned, with the head office spending reportedly reaching an estimated GH¢3.4 billion in 2023.
, the Ranking Member on the Food, Agriculture, and Cocoa Affairs Committee of Parliament, highlighted this issue during a press briefing in Accra on Wednesday. Opoku questioned the prudence of COCOBOD's financial management, contrasting the rising expenses at the head office with the challenges faced by cocoa farmers on the ground.
"In 2023, cocoa production continued its downward trend, falling to 655,000 tonnes, yet office expenditure did not follow suit.