Minority Caucus demands increase in farm-gate price of cocoa

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The parliamentary minority is calling for a swift increase in cocoa’s farm-gate price.

The Minority claims that prices for cocoa have skyrocketed globally recently, reaching an all-time high of $10,000 per ton.

The COCOBOD Management has approved the purchase of fifteen (15) iPad keyboards for its Board of Directors, at an astounding cost of GHS4,500.00 each device, according to an official document that we observed only this week.

“This is the clearest evidence yet, that the management of COCOBOD have prioritized waste and the comfort of their offices at the expense of hard working cocoa farmers,” the ranking member on the Parliamentary Select Committee on Food, Agric & Cocoa Affairs, Eric Opoku disclosed in a statement.

He continued: “Also, it is symptomatic of the recklessness and mismanagement that have plagued COCOBOD for the past seven years which accounts for the cumulative losses of GHS13.62 billion, recorded by COCOBOD since 2017.

“It is the considered view of the Minority Caucus, that urgent steps be taken to save our dying cocoa sector now. It is therefore imperative, that government significantly increases the farm-gate price of cocoa, in consonance with the current world market price of cocoa.”

Read the full statement below:

Source: Ghanatodayonline.com

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