COCOBOD CEO Joseph Boahen Aidoo (Middle) The minority's claim that the Board has made continuous losses is highly uninformed, and to say that COCOBOD made a loss of GHS4.2 billion in 2023 is false, the Ghana Cocoa Board (COCOBOD) has said. In fact, COCOBOD said, its 2023 accounts audited by Ernst & Young (EY) show a profit of GHS2.3 billion during the 2022/2023 Crop Season, marking a significant turnaround from the previous year's performance. This financial success is a demonstration of the effectiveness of the strategic initiatives undertaken by COCOBOD, including cost-cutting measures, improved operational efficiency, and targeted investments in key areas of the cocoa sector, the Board said. The Minority in Parliament had raised concerns over COCOBOD's financial health, claiming that international banks have rejected the organisation's request for a loan to purchase cocoa for the 2024/2025 crop season. The Minority, in a statement signed by its leader, Dr Cassiel Ato Forson, argued that the refusal of the loan request highlights the mismanagement and poor financial decisions that have plagued COCOBOD in recent years.