“We failed to raise sustainable funding for cocoa and COCOBOD’s capacity to syndicate effectively” – Mahama

Ghana’s efforts to improve the operations of the Ghana Cocoa Board (COCOBOD) and obtain sustainable finance for the cocoa sector have had setbacks, which President John Dramani Mahama has acknowledged and described as lessons in responsibility rather than blame.

The President acknowledged in a speech on Wednesday, February 11, that the efficacy of state-owned businesses has been weakened by management difficulties.

“We failed to raise sustainable funding for cocoa and COCOBOD’s capacity to syndicate effectively. These are not points of blame, but lessons in responsibility,” he stated

He added that institutions that were formerly pillars of stability have lost confidence due to poor financial discipline, political meddling, and governance failures.

“Our handling of state‑owned enterprises has at times been uneven. Weak governance frameworks, political interference, and inadequate financial discipline have undermined institutions that were once engines of stability and credibility,” President Mahama acknowledged.

Source: Ghanatodayonline.com