He indicated that the Board and Management of COCOBOD have resolved to reduce the debt burden drastically, by adopting austerity measures, due to the ongoing ravages of COVID-19, which had led to decreased demand for cocoa around the world.
According to the CEO, the Living Income Differential remained the best pricing mechanism to regulate cocoa prices and cushion the farmers against cocoa price volatility.
Meanwhile, the Ghana Cocoa Day Celebrations will be held at the Presbyterian Boys’ Senior High School (SHS) at Suhum in the Eastern Region.
The programme of activities includes a simultaneous walk by the staff of COCOBOD on Saturday, September 24, in Accra, Tema, Kumasi, and Takoradi.
On Wednesday, September 28, there will be a float at Suhum and an exhibition by cocoa and chocolate producers, as well as agrochemical and input suppliers, financial institutions, and NGOs on the Suhum SHS school park.
A forum on sustainable cocoa production as well as a cocoa quiz competition will be held on Thursday, September 29.
There will be a football competition among some four selected schools from the Eastern Region on Friday, September 30 at the Suhum School Park. This will be followed by a ‘Cocoa Night Concert.’
As the climax to the 75th Anniversary celebrations, there will be a grand durbar at Suhum Presbyterian SHS Park on Saturday, October 1.
