• Contact US
  • Advertise With US
  • Privacy & Policy
  • Submit Station
Thursday, October 2, 2025
Kumasi Mail
Advertisement
  • Home
  • News
    • All
    • Education
    • Health
    • Manhyia
    PAC recovers GH¢12.9bn in misappropriated public funds

    PAC recovers GH¢12.9bn in misappropriated public funds

    NADMO extends relief to conflict-affected communities in Bole district

    NADMO extends relief to conflict-affected communities in Bole district

    Tobinco Pharmaceuticals donates Air Conditioner to St. Theresa Catholic Hospital in Nandom

    Tobinco Pharmaceuticals donates Air Conditioner to St. Theresa Catholic Hospital in Nandom

    ‘Arrogance and Reversal’: Minority slams and demands Sam George to account for GH₵10,000 levy imposed on DSTV

    ‘Arrogance and Reversal’: Minority slams and demands Sam George to account for GH₵10,000 levy imposed on DSTV

    Abronye’s allegations against Kennedy Agyapong exposed as baseless, NPP Gen Sec fires back

    Abronye’s allegations against Kennedy Agyapong exposed as baseless, NPP Gen Sec fires back

    Ghana to introduce HIV preventive vaccine by 2026, plans local production

    Ghana to introduce HIV preventive vaccine by 2026, plans local production

    Four armed robbers including two soldiers, arrested  at Prestea Mining site

    Four armed robbers including two soldiers, arrested at Prestea Mining site

    We’re working with police to arrest dismissed KNUST SHS assistant headmaster – Gender Minister

    We’re working with police to arrest dismissed KNUST SHS assistant headmaster – Gender Minister

    GBA President urges Lawyers to prioritize public service

    Artificial Intelligence can enhance Ghana’s courts – GBA President

    • Health
    • Education
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
No Result
View All Result
  • Home
  • News
    • All
    • Education
    • Health
    • Manhyia
    PAC recovers GH¢12.9bn in misappropriated public funds

    PAC recovers GH¢12.9bn in misappropriated public funds

    NADMO extends relief to conflict-affected communities in Bole district

    NADMO extends relief to conflict-affected communities in Bole district

    Tobinco Pharmaceuticals donates Air Conditioner to St. Theresa Catholic Hospital in Nandom

    Tobinco Pharmaceuticals donates Air Conditioner to St. Theresa Catholic Hospital in Nandom

    ‘Arrogance and Reversal’: Minority slams and demands Sam George to account for GH₵10,000 levy imposed on DSTV

    ‘Arrogance and Reversal’: Minority slams and demands Sam George to account for GH₵10,000 levy imposed on DSTV

    Abronye’s allegations against Kennedy Agyapong exposed as baseless, NPP Gen Sec fires back

    Abronye’s allegations against Kennedy Agyapong exposed as baseless, NPP Gen Sec fires back

    Ghana to introduce HIV preventive vaccine by 2026, plans local production

    Ghana to introduce HIV preventive vaccine by 2026, plans local production

    Four armed robbers including two soldiers, arrested  at Prestea Mining site

    Four armed robbers including two soldiers, arrested at Prestea Mining site

    We’re working with police to arrest dismissed KNUST SHS assistant headmaster – Gender Minister

    We’re working with police to arrest dismissed KNUST SHS assistant headmaster – Gender Minister

    GBA President urges Lawyers to prioritize public service

    Artificial Intelligence can enhance Ghana’s courts – GBA President

    • Health
    • Education
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
No Result
View All Result
Kumasi Mail
No Result
View All Result
  • Home
  • News
  • Election 2024
  • Politics
  • Business
  • Showbiz
  • Opinion
  • Sports
  • World
  • Media
  • Manhyia
  • History
Home Business

COCOBOD Is Ghana’s second-largest debtor after ECG, owes GH₵33 Billion — Jerome Sam

Kumasi Mail by Kumasi Mail
May 19, 2025
in Business
0
COCOBOD rolls over 120,000 tonnes of Cocoa amid GHS 33bn debt
Share on FacebookShare on Twitter

Jerome K Sam, Head of Public Affairs at the Ghana Cocoa Board (COCOBOD), has disclosed that COCOBOD is currently the second-largest debtor in Ghana after the Electricity Company of Ghana (ECG).

The board owes approximately GH₵33 billion.

In an interview with Oyerepa TV, Jerome K Sam confirmed the debt figure, stating, “As we speak, COCOBOD is the second highest entity after ECG that’s owing in Ghana, with an outstanding debt of approximately GH₵32.5 billion heading to GH₵33 billion.”

He added that no one from the previous administration under Joseph Boahen Aidoo, who served as COCOBOD CEO, has denied the existence of this debt crisis.

Jerome said, “There’s no single individual in the previous administration that has come out to say this debt is not true.”

Jerome also highlighted that the current acting CEO, Dr. Randy Abbey, is focused on addressing the debt challenge.

“This debt is the challenge Dr. Randy Abbey is facing and needs to tackle,” he noted.

COCOBOD’s debt has been a growing concern, with reports indicating that the board’s financial difficulties have affected cocoa farmers and the overall sector.

President John Dramani Mahama delivering his State of the Nation address in Parliament on Thursday, February 27, 2025 revealed that Ghana’s cocoa sector is in deep financial crisis, with the Ghana Cocoa Board (COCOBOD) owing a total debt of 32.5 billion Ghana cedis.

He disclosed that 9.7 billion cedis of this debt is due for payment by September 2025.

According to the President, COCOBOD’s financial struggles worsened when it failed to deliver 333,767 metric tons of cocoa that had already been sold at $2,600 per ton during the 2023/2024 season.

The contracts were then rolled over into the 2024/2025 season, causing massive revenue losses for both COCOBOD and cocoa farmers.

Source :www.kumasimail.com /Kwadwo Owusu

Tags: ECGGhana Cocoa Board (Cocobod)Head of Public AffairsJerome K Samsecond-largest debtortopstory
ShareTweetSend
Previous Post

Old Tafo MP condemns government silence after deadly floods in Accra

Next Post

I am not going to leave debts for anybody to inherit at the authority- NSA boss vows

YOU MAY LIKE

Inflation drops by 2.8%  points in May 2025
Business

Inflation falls to 9.4% in September, first single-digit in four years

MTN SME Support Program Rewards 160 Entrepreneurs in Tamale with GH¢2 Million
Business

Brewing Dreams, One Sobolo Tea at a Time: The Story of Angbanlife

MTN SME Support Program Rewards 160 Entrepreneurs in Tamale with GH¢2 Million
Business

MTN SME Support Program Rewards 160 Entrepreneurs in Tamale with GH¢2 Million

Hungarian firms explore food security partnership with Ghana Armed Forces
Business

Hungarian firms explore food security partnership with Ghana Armed Forces

Farmers are suffering greatly; We carry barrels of water daily to spray our crops due to Galamsey- PFAG
Business

Farmers are suffering greatly; We carry barrels of water daily to spray our crops due to Galamsey- PFAG

Next Post
I am not going to leave debts for anybody to inherit at the authority- NSA boss vows

I am not going to leave debts for anybody to inherit at the authority- NSA boss vows

SSNIT rules out sale of hotels, unveils major renovation and expansion plans

SSNIT rules out sale of hotels, unveils major renovation and expansion plans

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LATEST NEWS

Goncalo Ramos said Paris St-Germain “want to win everything again” after his last-minute winner downed Barcelona in the battle of two of the Champions League favourites

Goncalo Ramos said Paris St-Germain “want to win everything again” after his last-minute winner downed Barcelona in the battle of two of the Champions League favourites

PAC recovers GH¢12.9bn in misappropriated public funds

PAC recovers GH¢12.9bn in misappropriated public funds

Film industry needs tax incentives to attract big production deals

Film industry needs tax incentives to attract big production deals

Accra embraces Israeli Cinema as the wedding plan captivates film festival crowd

Accra embraces Israeli Cinema as the wedding plan captivates film festival crowd

NADMO extends relief to conflict-affected communities in Bole district

NADMO extends relief to conflict-affected communities in Bole district

Tobinco Pharmaceuticals donates Air Conditioner to St. Theresa Catholic Hospital in Nandom

Tobinco Pharmaceuticals donates Air Conditioner to St. Theresa Catholic Hospital in Nandom

‘Arrogance and Reversal’: Minority slams and demands Sam George to account for GH₵10,000 levy imposed on DSTV

‘Arrogance and Reversal’: Minority slams and demands Sam George to account for GH₵10,000 levy imposed on DSTV

Abronye’s allegations against Kennedy Agyapong exposed as baseless, NPP Gen Sec fires back

Abronye’s allegations against Kennedy Agyapong exposed as baseless, NPP Gen Sec fires back

Kodua threatens mass suspensions if given power in his role as General Secretary

Kodua threatens mass suspensions if given power in his role as General Secretary

Ghana to introduce HIV preventive vaccine by 2026, plans local production

Ghana to introduce HIV preventive vaccine by 2026, plans local production

  • Trending
  • Comments
  • Latest
52-Year-old man arrested in Nsawam for possessing suspected EC Biometric Device

52-Year-old man arrested in Nsawam for possessing suspected EC Biometric Device

Ghana Airforce Z-9 Helicopter Goes Missing en Route to Obuasi, Rescue Efforts Underway

Ghana Airforce Z-9 Helicopter Goes Missing en Route to Obuasi, Rescue Efforts Underway

Asokore Mamponhene Nana Boakye Ansah passes away

Asokore Mamponhene Nana Boakye Ansah passes away

EPA CEO calls for Immediate action to restore polluted water bodies in Ashanti region

EPA CEO calls for Immediate action to restore polluted water bodies in Ashanti region

Hello world!

1
NCA promises lower data prices by year-end

NCA promises lower data prices by year-end

1
COVID-19: Information Ministry justifies GHC150K spent on staff

COVID-19: Information Ministry justifies GHC150K spent on staff

1
EC to conduct mop-up registration August 1-3

EC to conduct mop-up registration August 1-3

1
Goncalo Ramos said Paris St-Germain “want to win everything again” after his last-minute winner downed Barcelona in the battle of two of the Champions League favourites

Goncalo Ramos said Paris St-Germain “want to win everything again” after his last-minute winner downed Barcelona in the battle of two of the Champions League favourites

PAC recovers GH¢12.9bn in misappropriated public funds

PAC recovers GH¢12.9bn in misappropriated public funds

Film industry needs tax incentives to attract big production deals

Film industry needs tax incentives to attract big production deals

Accra embraces Israeli Cinema as the wedding plan captivates film festival crowd

Accra embraces Israeli Cinema as the wedding plan captivates film festival crowd

Facebook Twitter Youtube Instagram
Kumasi Mail

About US

Advertise With US

Submit Station

© 2024 KumasiMail.com