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Farmer General of the Concerned Farmers Association, Nana Oboadie Boateng Bonsu says he supports Ghana Cocoa Board's (COCOBOD) decision to finance the cocoa purchase from its internal operations.

According to him, borrowing from the external market often placed Ghana at a disadvantage since prices of cocoa locally produced are dictated by external creditors.

Hence switch from borrowing to raising revenue was long-awaited and a step in the right direction.

Speaking on Joy FM’s Top Story, he said “This has been an issue each and every day. Go out there just to borrow. We have been borrowing for so long and I think this is the right time for Ghana to be independent or COCOBOD to be independent.

“It is something that we have been saying for so long. We started saying this thing four years ago that how can we be borrowing money each and every day to purchase cocoa? When it happens like that, they will be having upper hand on our products,” he said.

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