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COCOBOD: Ghana’s graded and sealed cocoa hasn’t dropped by 42%

Fiifi Boafo of COCOBOD

Fiifi Boafo

The Ghana Cocoa Board (COCOBOD) has refuted claims suggesting Ghana’s graded and sealed cocoa arrivals dropped by 42%.

It comes after Reuters reported that Ghana’s graded and sealed (G&S) cocoa arrivals since the start of this year’s harvest on October 1 had reached 408,000 tonnes by February 3, down 42% from same period of the previous season.

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

Speaking to Asaase News, Fiifi Boafo, the director of public affairs of the Ghana Cocoa Board (COCOBOD) said 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.”

Fred Dzakpata

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