Business

Alan to give competition to COCOBOD in the purchase and export of cocoa

Alan Kyerematen has officially announced his decision to run for the flagbearership of the New Patriotic Party (NPP)

Former Trade and Industry Minister and presidential candidate hopeful of the New Patriotic Party (NPP), Alan Kyerematen, has said if he wins he will introduce greater private sector participation in the core statutory function of COCOBOD, which is to purchase, market and export cocoa.

“To achieve this strategic goal of transforming our dear country to become the shining star of the new Africa, I will as president, launch and lead the execution of the Great Transformational Plan (GTP) of Ghana which will span the period 2025 to 2030,” Kyerematen said in a televised address.

As part of his GTP, Kyerematen said he will introduce a new agricultural revolution (NAR) for Ghana. The NAR he indicated will be based on five critical elements, and one of the five will be;

“Enhancing the de-regulation of the cocoa sector by deepening private sector participation in the buying and marketing (including export) of cocoa.”

Functions of COCOBOD

The main functions of COCOBOD are, firstly, to initiate programmes aimed at controlling pests and diseases of cocoa, coffee, and shea nut.

Secondly, undertake and encourage the processing of cocoa, coffee, shea nut, and cocoa waste with the aim of adding value for export and local consumption.

Thirdly, undertake, promote, and encourage scientific research aimed at improving the quality of cocoa, coffee, shea nut, and other tropical crops.

Fourthly, regulate the internal marketing of cocoa, coffee, and shea nut and to secure the most favourable arrangements for the purchase, grading and sealing, certification, sale and export of cocoa, coffee and shea nut.

Fifth, purchase, market and export cocoa and cocoa products produced in Ghana which is graded under the Cocoa Industry (Regulations) (Consolidation) Decree, 1968 NLCD 278, or any other enactment as suitable for export among others.

All these operations and functions are handled by various subsidiaries and divisions of COCOBOD and are coordinated and blended together to yield good results for the cocoa industry and the national economy.

Importance of Private Sector

Before he proceeded in his statement to list the key elements of the Great Transformational Plan, Kyeremanten insisted that the private sector plays and will continue to play a primary role in the national development agenda of the country. To this end, he pledged to ensure that the sector gets all the necessary support to thrive.

“The Private Sector, both domestic and foreign, formal and informal, has to be at the centre of our transformational agenda,” Kyeremanten said.

“The Government’s focus must be to facilitate the process of making our private sector competitive by creating an enabling environment for businesses,” he added.

Operationalizing the plan

A close look at the functions of COCOBOD suggests that Alan Kyerematen’s plan will require legislation to amend some of the statutory functions of COCOBOD if his plan is to see the light of day.

His GTP address, being a broad policy statement, did not spell out the exact approach Kyerematen intends to adopt to implement his plan.

 

Wilberforce Asare

 

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