22
Tue, Aug

COCOBOD saddled with GH₵ 20bn NDC debts

Business & Economy

The Chief Executive Officer of Cocobod, Joseph Boahene Aidoo, has disclosed that his administration inherited a debt of GHC 20 billion from the previous administration.

The Chief Executive Officer of Cocobod, Joseph Boahene Aidoo, has disclosed that his administration inherited a debt of GHC 20 billion from the previous administration.

 

According him, a US$ 1.8 billion loan, approximately GHC 7.2 million, acquired by the previous Mahama-led administration has been paid by his outfit.

"We did not just pay the loan but paid before the stipulated time, which is August this year. Nananom, we paid the money in July," he said yesterday when he addressed the chiefs and people of Bibiani-Anhwiaso at the commencement of the 3-day tour of the Western Region by the president.  

He acknowledged that the President Nana Akufo-Addo promised Ghanaians that he was going to boost the cocoa industry and assured that the promise would be fulfilled.

He disclosed that 10,000 people had been trained across the country in cocoa growing regions to assist farmers in administering the ongoing hand pollination exercise, adding that a total of 20,000 persons would be employed by the end of the year to assist in the project.

Mr Aidoo added that government would bring back the mass cocoa spraying project initiated by former President John Agyekum Kufuor’s government, adding that 20,000 spraying machines had been acquired for the exercise.

“We are having discussions with several countries, notable among them is China, to assist in an irrigation project during the dry season to support the cocoa industry in Ghana,” he disclosed.

The Omanhene of Bibiani-Anhwiaso, Ogyehoho Yaw Gyebi, commended President Nana Addo Dankwa Akufo-Addo for working hard to fulfil his campaign promises.

He appealed to him to help solve the problems facing the traditional area, including the bad feeder roads.

The Minister of Railway Development, Joe Ghartey, also spoke of moves to extend the western railway line to Awaso to help create jobs for the youth.

He assured the people that the nation's railway sector which is nothing to write home about would develop under the NPP government, adding that about two thousand investors worldwide had shown interest in the sector.



Follow Us