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Saturday 15 December 2018
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Ghana Cocoa Board incurred Gh¢2 billion debt

Ghana Cocoa Board

Ghana Cocoa Board

The Public Relations Officer (PRO), for Ghana Cocoa Board (COCOBOD), Mr Kwesi Amenya, has disclosed that, COCOBOD incurred Gh¢2 billion debt for subsidising the price of cocoa in 2017. COCOBOD he decried has not been able to break even and any attempt to increase the price of cocoa could have financial implications on COCOBOD. He told morning show host of Frontline on Rainbow Radio 87.5Fm that, COCOBOD explained to the farmers it could not adjust the price but maintain it. The farmers accepted the explanation, he said.

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