Read Time: 4 minutes
RE: AKUFO ADDO COLLAPSED COCOA SECTOR
The minority in Parliament have noticed with dismay the response of COCOBOD to the factual statement alluded to by former President John Mahama in respect of the collapsing cocoa industry in Ghana.
It is an incontrovertible truism and COCOBOD’s response is nothing but a misrepresentation intended to whitewash the dismal performance of the Nana Addo/Bawumia government. We aver that COCOBOD under Nana Addo/Bawumia government is a whitewashed tomb – pretty on the outside but full of decay and rottenness on the inside.
In 2017, the NDC handed over a prosperous and thriving cocoa industry with buffers in the cocoa stabilization fund, farmers’ welfare fund, depreciation fund, farmers’ housing fund, and others including GH₵29 million set aside for the rolling out of the cocoa farmers pension scheme envisaged under the P.N.D.C.L 81.
Shockingly, the Nana Addo’s government has dissipated all these buffers within 6 years, leaving nothing for the industry to lean on in times of difficulties. Again, the Board has been incurring losses since Nana Addo assumed office. COCOBOD is yet to explain why the cocoa industry cannot be profitable under the Nana Addo/Bawumia government. Available records indicate the following;
Year Losses
GH₵’million
2017 395.0
2018 78.2
2019 320.6
2020 426.0
Source: Auditor General reports, 2018, 2019, 2020 and 2021.
In 2021, a loss of GH₵1.6 billion was recorded. This was reported to Parliament before the approval of the 2022/23 cocoa syndicated facility. This pitiful and pathetic performance is unprecedented in the history of cocoa in Ghana.
Consequently, the cocoa industry is under severe dehydration and feebly gasping for breath. Is the industry not collapsing?
In 2021/2022, Ghana recorded its lowest cocoa production of 683,000 tons in the last 15 years. 640,000 tons out of this were collateralized for the syndicated loan, and 30,000 tons used to service the Chinese loan contracted for the construction of the Bui Dam. Only 13,000 tons were available to feed the cocoa processing industry which has a dependable capacity of 285,000 tons and an installed capacity of 400,000 tons. The cocoa processing industry is also hobbling since its survival is heavily hinged on the importation of cocoa beans.
Declining cocoa production breeds reduction in cocoa incomes which eventually reduces the quality of life of our hardworking cocoa farmers.
On January 19, 2023, the six-month cocoa bill with face value of GH₵940.42 million matured but Bank of Ghana defaulted explaining that although it went through the usual processes to re-issue on behalf of COCOBOD to raise funds to cover the maturing obligations, the auction unfortunately failed and was severely “undersubscribed resulting in a shortfall of GH₵855.42 million”. This represents 90.96% under subscription and a clear expression of loss of confidence in COCOBOD by the investors. Again, this unenviable feat chalked by Nana Addo/Bawumia government is unknown to the history of cocoa in Ghana.
In addition to the foregoing, it is an immutable fact that Ashanti, Eastern and Western Regions contribute close to 90 percent of total cocoa production in Ghana. COCOBOD has reported that illegal digging and unregulated use of mercury and other chemicals to extract gold (galamsey) has affected 81 percent of cocoa farmlands in Eastern region, 74 percent in Western Region and 68 percent in Ashanti region. Is this not enough to say that the sector is collapsed?
Article 257 of the 1992 Constitution places a responsibility on the President of the Republic of Ghana to protect all mineral resources found within the boundaries of Ghana for the people of Ghana. It is against this background that the President secured parliamentary approval in 2019, to expend a whopping GH₵30 million on the fight against the menace of galamsey. Is the President not blamable for the ravages of galamsey?
On the issue of cocoa producer price, within the first three-year period of the administration of former President John Mahama, i.e. from 2012/13, to 2014/15 crop seasons, there was a total of 62.7 percent increase in the producer price (from GH₵212 in 2012/13 to GH₵345 in 2014/15). In comparison, within the same period under Nana Addo, from 2017/18 to 2019/20, there was a total increase of 38.94 percent (from GH₵475 in 2017/18 to GH₵660 in 2019/20). The only period in the history of cocoa in Ghana where we had a zero percent (0%) increase in producer price for three consecutive seasons was 2019/20, 2020/21 and 2021/22 under Nana Akufo Addo. The producer price was GH₵660 for these three seasons.
Again, in the entire four year period of President John Mahama, producer price of cocoa was increased by 124.1 percent (from GH₵212 in 2013/14 to GH₵475 in 2016/17) contrasted with 68.4 percent in the last six years under Nana Addo (from GH₵475 in 2017/18 to GH₵800 in 2022/23).
It must be noted that the highest jump of producer price in the last two decades happened under John Mahama in 2014/15 season (from GH₵212 to GH₵345 – 62.7%).
Ghana COCOBOD must know that they cannot seek refuge in lies to cover the havoc they have wrecked on the cocoa sector, the untold hardships unleashed to the Ghanaian cocoa farmer and the crass incompetence, mismanagement, recklessness, and insensitivity demonstrated so far.
Former President John Dramani Mahama has been very candid to the good people of Ghana in his political life. His comments on the cocoa sector were fair and candid.
Eric Opoku (Hon.)
Ranking Member, Food, Agriculture and Cocoa Affairs Committee
Hello theinsightnewsonline.com admin, Thanks for the well-organized and comprehensive post!
Well-crafted article! The information is valuable, and I believe incorporating more images in your next articles could be beneficial. Have you thought about that?
Outstanding, superb effort
nice content!nice history!! boba 😀
nice content!nice history!! boba 😀
nice content!nice history!! boba 😀
wow, amazing
nice content!nice history!! boba 😀
wow, amazing
wow, amazing
nice content!nice history!! boba 😀
nice content!nice history!! boba 😀
wow, amazing
nice content!nice history!! boba 😀
nice content!nice history!! boba 😀
wow, amazing
wow, amazing
wow, amazing
nice content!nice history!! boba 😀
phising
phising
phising
scam
phising
lost money
phising
scam
lost money
I strongly recommend steer clear of this platform. My personal experience with it has been only disappointment along with suspicion of deceptive behavior. Proceed with extreme caution, or even better, find a more reputable service to fulfill your requirements.
I strongly recommend to avoid this site. My own encounter with it was nothing but dismay along with doubts about fraudulent activities. Proceed with extreme caution, or even better, seek out a trustworthy platform for your needs.
I strongly recommend stay away from this platform. My own encounter with it has been purely disappointment and suspicion of scamming practices. Exercise extreme caution, or better yet, find an honest platform to meet your needs.
I urge you stay away from this site. The experience I had with it has been purely frustration as well as doubts about scamming practices. Be extremely cautious, or alternatively, look for an honest platform to fulfill your requirements.
I urge you stay away from this platform. My personal experience with it has been nothing but frustration as well as suspicion of deceptive behavior. Be extremely cautious, or better yet, look for a more reputable site for your needs.
I highly advise stay away from this site. My own encounter with it has been only frustration as well as doubts about scamming practices. Proceed with extreme caution, or alternatively, find a trustworthy platform to fulfill your requirements.
I urge you to avoid this platform. The experience I had with it has been nothing but disappointment along with doubts about deceptive behavior. Exercise extreme caution, or better yet, look for a trustworthy service to meet your needs.
I highly advise to avoid this site. My personal experience with it has been only dismay and concerns regarding deceptive behavior. Be extremely cautious, or alternatively, look for a more reputable service to meet your needs.
I highly advise to avoid this site. My own encounter with it was nothing but dismay along with doubts about deceptive behavior. Be extremely cautious, or even better, seek out an honest site to fulfill your requirements.
I highly advise to avoid this platform. My personal experience with it was only dismay as well as suspicion of fraudulent activities. Proceed with extreme caution, or alternatively, find an honest platform for your needs.
I urge you steer clear of this platform. My personal experience with it has been only dismay along with doubts about fraudulent activities. Exercise extreme caution, or alternatively, find a trustworthy site to meet your needs.
Hi theinsightnewsonline.com owner, Your posts are always well received by the community.
I urge you steer clear of this site. My personal experience with it was nothing but frustration as well as concerns regarding deceptive behavior. Be extremely cautious, or better yet, look for an honest platform for your needs.I strongly recommend stay away from this site. The experience I had with it was purely disappointment along with suspicion of scamming practices. Proceed with extreme caution, or alternatively, look for an honest service to meet your needs.
I urge you to avoid this site. My own encounter with it has been nothing but dismay and suspicion of scamming practices. Exercise extreme caution, or better yet, find a trustworthy site for your needs.I strongly recommend stay away from this site. My own encounter with it has been nothing but dismay and doubts about scamming practices. Be extremely cautious, or better yet, seek out an honest service to fulfill your requirements.
I highly advise stay away from this platform. My personal experience with it was purely dismay as well as suspicion of scamming practices. Be extremely cautious, or better yet, find a trustworthy site to meet your needs.
I strongly recommend stay away from this platform. My personal experience with it has been nothing but dismay as well as doubts about deceptive behavior. Be extremely cautious, or better yet, seek out a more reputable platform to meet your needs.
I urge you to avoid this platform. The experience I had with it has been nothing but dismay and doubts about deceptive behavior. Proceed with extreme caution, or better yet, find an honest site to meet your needs.
I strongly recommend stay away from this platform. My own encounter with it has been only frustration and suspicion of fraudulent activities. Proceed with extreme caution, or alternatively, find an honest site for your needs.
I urge you to avoid this platform. My personal experience with it has been nothing but dismay and doubts about fraudulent activities. Be extremely cautious, or even better, find a trustworthy platform to meet your needs.
I urge you to avoid this platform. My personal experience with it was only frustration and doubts about fraudulent activities. Proceed with extreme caution, or alternatively, look for a more reputable service for your needs.
I highly advise stay away from this site. My personal experience with it has been nothing but dismay as well as concerns regarding fraudulent activities. Be extremely cautious, or even better, seek out a trustworthy service to meet your needs.
I strongly recommend to avoid this site. My personal experience with it has been nothing but frustration along with concerns regarding scamming practices. Be extremely cautious, or alternatively, seek out an honest service for your needs.
I urge you steer clear of this site. My personal experience with it has been only frustration as well as suspicion of scamming practices. Exercise extreme caution, or better yet, seek out a trustworthy platform for your needs.
I strongly recommend to avoid this platform. The experience I had with it has been nothing but frustration along with doubts about scamming practices. Be extremely cautious, or even better, seek out a trustworthy platform to meet your needs.
I urge you stay away from this platform. The experience I had with it has been purely dismay along with doubts about scamming practices. Exercise extreme caution, or better yet, look for a trustworthy platform to fulfill your requirements.
I strongly recommend steer clear of this site. The experience I had with it has been only dismay as well as suspicion of deceptive behavior. Proceed with extreme caution, or better yet, seek out a more reputable site to meet your needs.
I have no words to describe how your content illuminated my day. Keep being that source of inspiration!
Hello theinsightnewsonline.com owner, You always provide clear explanations and definitions.
Hello theinsightnewsonline.com admin, You always provide great resources and references.
Since the admin of this website is working, no question very quickly
it will be well-known, due to its feature contents.
Saya suka sekali dengan posting ini! Apakah penulis dari blog ini mendapatkan penghasilan? Saya ingin bergabung!
Dear theinsightnewsonline.com webmaster, You always provide in-depth analysis and understanding.
Hoe krijg ik medicijnen in Mexico? Nihon Chièvres ¿Dónde encontrar medicamentos?
овен камень по декадам гороскоп на май водолей рамблер галактики с активными ядрами реферат
приснился плохой сон что делать,
чтобы не сбылся, что делать, если приснился плохой сон
по исламу к чему снится собирание яблок
Asik!
Les services supplémentaires offerts lors de l’achat de
médicaments en ligne Nihon Santiago del Estero medicijnen verkrijgbaar zonder recept
қоздыру деген не, еркекті қоздыру нүктелері тэн для
воды, запчасти для бойлера колёса уаз актобе, колёса уаз актау jutsu, jutsu naruto
small алматы головной офис контакты, small доставка жарық
жылдамдығы 3×10, жарық жылдамдығының тұрақтылығы әр ұлттың салт дәстүрлері,
қазақтың салт дәстүрлері винтовкадан тік жоғары қарай
0 02, суретте жеңіл автокөлікті итеріп жатқан адам
бейнеленген
босанған әйел күтімі, босанғаннан кейінгі витаминдер онлайн голосование 2023 казахстан, сайт для голосования онлайн
өткен шақ сөйлем құрау ағылшынша,
ауыспалы өткен шақ сөйлем құрау 8 сынып кітап биология, биология 8 сынып кітап скачать
имя козерогам женщинам если человек молчит это заговор карты таро
– значение да-нет, таро манара да нет
значения
сонник есть дрожжи карты таро ерунда или нет
к чему снятся чужие мужчины в доме, сонник
много мужчин вокруг меня к чему снится число 77, к чему снится цифра
6 и 9 камни по знакам зодиака
2012
как узнать есть на человеке порча и как ее снять ли в домашних
условиях мантра избавления от порчи