Joseph Boahen Aidoo, the Chief Executive of the Ghana Cocoa Board (COCOBOD), has linked the organization’s GH¢2 billion loss in 2021 to the decline in the international market price of cocoa.
He noted that the price of cocoa on the global market has experienced a significant drop of over 30 per cent in recent years, contributing to the substantial loss incurred.
Speaking before the Public Accounts Committee (PAC) in Accra on Tuesday, Mr. Aidoo addressed measures being considered to recover from these losses and return to profitability.
He assured that plans are well underway to address the challenges posed by the declining cocoa prices and implement strategies to mitigate further losses.
Joseph Boahen Aidoo, the Chief Executive of the Ghana Cocoa Board (COCOBOD), has linked the organization’s GH¢2 billion loss in 2021 to the decline in the international market price of cocoa.
He noted that the price of cocoa on the global market has experienced a significant drop of over 30 per cent in recent years, contributing to the substantial loss incurred.
Speaking before the Public Accounts Committee (PAC) in Accra on Tuesday, Mr. Aidoo addressed measures being considered to recover from these losses and return to profitability.
He assured that plans are well underway to address the challenges posed by the declining cocoa prices and implement strategies to mitigate further losses.
Source: Citibusinessnews
