Grapevine

By My Joy Online
Jul 24, 2024

There was no money when I assumed office in 2017

The Chief Executive Officer of the Ghana Cocoa Board, Joseph Boahen Aidoo, has said he faced significant financial challenges when he assumed office in January 2017.

Speaking on Joy FM’s Super Morning Show, Mr Aidoo said although the previous administration secured an amount of $1.8 billion in 2016, by January 2017 no money was left when he took charge of Cocobod.

According to him, the money was spent on buying cocoa and other operational costs incurred.

“They bought about 600,000 metric tonnes before we came in. With cocoa, the peak harvest period is October, November, December, and January. So within the first quarter of the season, from October to December 2016, the previous administration bought over 600,000 metric tonnes.

“When we assumed office, there was no money, meanwhile, we had to buy cocoa till the end of the season from January to September,”he said.