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COCOBOD Deny Claims By Juaboso MP That It Is Unable To Account For $1.3bn Cocoa Syndicated Loan

COCOBOD Deny Claims By Juaboso MP That It Is Unable To Account For $1.3bn Cocoa Syndicated Loan
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The Ghana Cocoa Board (COCOBOD) has denied claims that it is unable to account for the $1.3 billion cocoa syndicated loan for the 2020/2021 crop season.

The Member of Parliament for Juaboso, Kwabena Mintah Akandoh, on Thursday stated that COCOBOD has failed to give a tangible explanation about the whereabouts of the fund, which was to be used to purchase about 900,000 tonnes of cocoa beans in the 2020/2021 crop season.

But COCOBOD, in a statement, clarified that it has “met all its statutory requirements and agreements with its financial partners in accounting for the syndicated loan for the crop season which closed in September 2021”.

Find the Full statement below:

Source: Planbfmonline
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