Ghana’s Cocoa Hasn’t Dropped By 42% – COCOBOD

Graded and sealed cocoa is produce that has been quality checked and sealed in bags by COCOBOD and is ready to be shipped.

The director of public affairs of the Ghana Cocoa Board (COCOBOD), Fiifi Boafo, said in an interiew that the figures put out there were not credible.

“We would like to say that the figures put out there by the reporter are not accurate. I have checked from the reporter Ange who is based in Abidjan, who claims that he had some information from Cocoa Marketing  Company, we have checked and those figures are not one that are credible.

“The second part is that, this will not force us to discuss the details of our purchase because the truth is that this industry in terms of pricing is largely dependent on speculation and in a situation like this when you are forced to discuss details of your purchases, what it does is that it pushes you to the extent that you are not in control of how you manage your sales and then the pricing system goes against you,” he said.Boafo added: “So it will not force us, even though people want to play politics with it, but then whatever politics you do, there is nothing important than securing a better price for farmers who are dependent on what comes out of the market.”