• About Us
  • Privacy Policy
  • Terms Of Use
Sunday, June 14, 2026
Republic Online
No Result
View All Result
  • Home
  • Politics
  • Business
    • Agriculture
    • Banking and Finance
    • Economy
    • Energy
    • Mining
    • Real Estate
    • Technology
    • Tourism and Hospitality
  • Top Stories
  • Local News
    • Crime
    • Education
    • Health
    • Lifestyle
  • Sports
  • Entertainment
  • International
    • Africa
    • World
  • Home
  • Politics
  • Business
    • Agriculture
    • Banking and Finance
    • Economy
    • Energy
    • Mining
    • Real Estate
    • Technology
    • Tourism and Hospitality
  • Top Stories
  • Local News
    • Crime
    • Education
    • Health
    • Lifestyle
  • Sports
  • Entertainment
  • International
    • Africa
    • World
No Result
View All Result
Republic Online
No Result
View All Result
Home General

COCOBOD using farmers fund to buy cheaper beans from Togo and Cote D’Ivoire – GNACOFA

Republic Online by Republic Online
May 12, 2026
in General
Fulfill your cocoa pension scheme promise or face our wrath – Cocoa Farmers to Gov’t
Share on FacebookShare on XShare on WhatsApp

The Ghana National Cocoa Farmers Association (GNACOFA) has accused the Deputy Chief Executive Officer of the Ghana Cocoa Board (COCOBOD) of being responsible for persistent payment delays and systemic inefficiencies within the cocoa purchasing sector.

Nana Yaa Asantewaa, the National Public Relations Officer for the association, noted that members were compelled to conduct an independent investigation into why payments have stalled and why the government appeared to have ceased purchasing local cocoa.

As part of this inquiry, representatives travelled to the Oti Region, where they reportedly discovered that state officials had purchased cocoa and stored it at facilities belonging to Produce Buying Companies (PBCs).

Speaking on Nyankonton Mu Nsem on Rainbow Radio 87.5FM, Madam Asantewaa alleged that further findings revealed funds intended for local farmers are instead being diverted to purchase cocoa from Côte d’Ivoire, Togo, and other neighbouring countries where prices are lower.

READ ALSO

W/R: 15 – year old boy allegedly commit suicide in Police custody

C/R: Man discovered dead in suspected suicide

June 13, 2026
1.7m Nkoko nkitinkiti shared nationwide – Dumelo

1.7m Nkoko nkitinkiti shared nationwide – Dumelo

June 12, 2026

She explained that cocoa is being sourced from these nations at GH₵1,300, significantly less than the GH₵2,500 rate paid to Ghanaian farmers.

She warned that if these issues remain unresolved, farmers may be forced to seek alternative buyers in foreign markets.

These remarks were made in response to a petition dated 11 May 2026, signed by GNACOFA National President Stephenson Anane Boateng.

The petition highlights the undue hardship faced by smallholder farmers across the nation due to the failure of COCOBOD-authorised purchasing clerks to settle payments for delivered produce.

Despite repeated grievances, the association maintains that no meaningful effort has been made to address these threats to farmers’ livelihoods.

GNACOFA emphasised that under current legislation, farmers are prohibited from selling cocoa to any entity other than the Government of Ghana via COCOBOD and its licensed buying companies.

This legal framework, the association argues, creates a binding obligation for the government to ensure prompt and full payment upon delivery.

Expressing her profound disappointment, Madam Asantewaa lamented: “Our leaders in charge are using monies meant to pay us to buy cocoa from Togo and Côte d’Ivoire because they get it cheaper at a price of GH₵1,300. This is alarming and destroying our sector. Our leaders want to destroy the cocoa sector because of their greed and love for personal gain. They only think of what they will get and ignore the progress of the sector. We are therefore calling on the Government to, with immediate effect, make a pronouncement on the matter if they know nothing about what is happening. We have been made aware that the Deputy CEO is the one doing that. They are cheating Ghanaian cocoa farmers while they fill their pockets.”

When questioned about the severity of these allegations and her readiness to defend them in court, she maintained that their evidence, supported by information from PBC staff, identifies the Deputy CEO as the individual involved.

She further alleged that a company in which the Deputy CEO holds an interest is spearheading these activities.

Madam Asantewaa called for total transparency from the government, suggesting that if it can no longer sustainably purchase cocoa under the current framework, it must inform the public. In her concluding remarks, she urged for swift intervention to restore confidence in the industry:”We respectfully urge immediate action to address these concerns and restore confidence in Ghana’s cocoa sector. We have consistently stated that government after government has failed in prioritising the cocoa sector.”

Source: Rainbow Online
Tags: Ghana Cocoa BoardGhana National Cocoa Farmers AssociationGNACOFANana Yaa AsantewaaNational Public Relations Officer

RELATED NEWS

A/R: Minister of Sanitation and Water Resources commissions €20 million Wastewater Treatment plant
General

Ghana Water resumes operations at Barekese treatment plant

June 12, 2026
Colonel K.S Appiah appointed new NAIMOS operations director
General

Colonel K.S Appiah appointed new NAIMOS operations director

June 12, 2026
Forestry officers attacked in Bono East
General

Forestry officers attacked in Bono East

June 11, 2026
Tarkwa: Father jailed 10 years for defiling daughter
General

Court adjourns Adabraka jewellery robbery case

June 11, 2026
Two Ghanaians petition Mahama over alleged sexually offensive remarks by Frank Amoakohene
General

Two Ghanaians petition Mahama over alleged sexually offensive remarks by Frank Amoakohene

June 10, 2026
16,000 health workers to be recruited in 2026 – Akandoh
General

16,000 health workers to be recruited in 2026 – Akandoh

June 10, 2026
Next Post
Dozens of Nigerian fishermen dead after Chad air strikes on Boko Haram

Dozens of Nigerian fishermen dead after Chad air strikes on Boko Haram

RECOMMENDED FOR YOU

4 quack practitioners apprehended

Scrap dealer jailed for stealing solar batteries at University of Energy and Natural Resources Campus

4 days ago
No feud between CEO and Board — Ghana Gas

No feud between CEO and Board — Ghana Gas

4 days ago
US donates $600,000 trucks to support military engineering operations

US donates $600,000 trucks to support military engineering operations

5 days ago
World Environment Day: We have failed Mother Ghana – Georgette Quarmyne writes 

World Environment Day: We have failed Mother Ghana – Georgette Quarmyne writes 

6 days ago
Why the 2026 World Cup is so controversial

Why the 2026 World Cup is so controversial

5 days ago
NPP MP spotted weeding abandoned Afari Military Hospital

NPP MP spotted weeding abandoned Afari Military Hospital

4 days ago

FOLLOW US

  • 33k Fans
  • 1k Followers
  • 128.1k Followers
  • 266 Followers
  • 8.1k Subscribers

BROWSE BY CATEGORIES

  • Bryan Acheampong
  • Business
  • Entertainment
  • General
  • International
  • kwahu
  • Lead story
  • Local News
  • Newspapers
  • Politics
  • Review
  • Sports
  • Top Stories
  • Uncategorized

BROWSE BY TOPICS

Accra Circuit Court Akufo Addo arrested Ashanti Region Black Stars Chronicle Court Crusading Guide Daily Analyst Daily Dispatch Daily Graphic Daily Guide Daily Statesman dead Dr. Mahamudu Bawumia Finance Minister Frontpages Galamsey Ghana Ghanaian Times Ghana Police Service Headlines Illegal Mining John Dramani Mahama Ken Ofori-Atta Mahama Man Metro Lens Minister for Lands and Natural Resources Nana Addo Dankwa Akufo-Addo National Democratic Congress (NDC) NDC New Patriotic Party New Patriotic Party (NPP) Newspaper Newspaper headlines Nigeria NPP Parliament Police President Akufo Addo President John Dramani Mahama Publisher Republic Press Speaker of Parliament

POPULAR NEWS

  • Nuhu Bayorbo Mahama appointed new Students Loan Trust fund CEO 

    Nuhu Bayorbo Mahama appointed new Students Loan Trust fund CEO 

    0 shares
    Share 0 Tweet 0
  • PRAK industry launches ‘Odo Tissue’ for Ghanaian market.

    0 shares
    Share 0 Tweet 0
  • NPP Primaries: Frank Ahimah Mireku picks number 3 on ballot paper

    0 shares
    Share 0 Tweet 0
  • 2023 AFCON: CAF announces 40% increment in prize money for winner

    0 shares
    Share 0 Tweet 0
  • Inaki Williams declared fit, set to join the Black Stars on Thursday

    0 shares
    Share 0 Tweet 0

About

Republic Online delivers breaking news, politics, business, and social stories from Ghana and around the world. We are committed to accurate journalism, transparency, and public interest reporting.

Follow us

All Topics

  • Bryan Acheampong
  • Business
  • Entertainment
  • General
  • International
  • kwahu
  • Lead story
  • Local News
  • Newspapers
  • Politics
  • Review
  • Sports
  • Top Stories
  • Uncategorized

News Updates

  • Czech Republic vs South Africa: BTTS Yes/No Prediction – 18/06/26
  • Mother finds body of missing son two days after Kenya Ebola quarantine centre protests
  • C/R: Man discovered dead in suspected suicide
  • AG files challenge to prevent Appiah-Kubi from withdrawing as lawyer for Wontumi
  • Ghana in the talks with Canadian officials over Thomas Partey visa dispute
  • World Cup 2026: Injury forces referee change for Ivory Coast and Ecuador clash
  • USA thrash Paraguay 4-1 in Group D opener
  • Accra Floods: 3 dead bodies recovered from Klagon

Copyright © 2026 Republic Online. All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • 2020 Elections (Archive)
  • 2024 Elections
  • Africa
  • Bryan Acheampong
  • Business
  • Crime
  • Entertainment
  • General
  • World
  • kwahu
  • Lead story
  • Local News
  • Newspapers
  • Politics
  • Review
  • Sports
  • Top Stories

Copyright © 2026 Republic Online. All rights reserved