26.2 C
Accra
Monday, September 16, 2024
BusinessCOCOBOD to reward cocoa smuggling whistleblowers

Date:

COCOBOD to reward cocoa smuggling whistleblowers

The Ghana Cocoa Board (COCOBOD) has taken extra steps to combatting cocoa smuggling in the country.

Currently, COCOBOD is working to offer cash rewards to those who report smuggling and implementing a “catch and share” system where informants receive a portion of the seized cocoa.

Stephen Fiifi Boafo, Head of Public Affairs at COCOBOD, revealed these measures, stating, “The first step to deter smuggling is to announce a reward that makes it less appealing.

Additionally, we are fully implementing a revised ‘catch and share’ arrangement, where individuals who provide information leading to smuggling arrests will receive a significant portion of the seized cocoa’s value.”

Earlier reports indicated that between 100,000 and 200,000 metric tonnes of cocoa beans had been lost to smuggling activities from Ghana to neighboring countries like Togo and Cote D’Ivoire.

COCOBOD’s Chief Executive Officer, Joseph Boahen Aidoo, expressed concern about the impact of these illegal activities on Ghana’s cocoa output and the economy.

He suggested that the scale of smuggling indicated involvement from high-powered individuals, as it exceeded what individual cocoa farmers could transport.

Touching on the smuggling of fertilser used for cocoa farming, the COCOBOD CEO said government is looking to review its fertilser policy by removing government subsidies to allow for cost of the cocoa to be added to the price for farmers.

“The free supply of fertiliser has intensified smuggling of the product, we have held meetings with the farmers to accept to buy the fertiliser themselves,” he added.

Meanwhile, Ghana has set October to commence the 2023/2024 crop season for cocoa farming.

Will you vote in the 2024 general election?
Will you vote in the 2024 general election?

Latest stories

Pappy Kojo’s feature is one of the best things that’s happened to me – Kojo Trip

Ghanaian musician Kojo Trip recently shared that collaborating with...

US warns of likely terrorist attack in Kenya

With Kenya marking the anniversaries of significant past terrorist...

Don’t resist calls for forensic audit – Alan to EC

Founder of the Movement for Change, Alan Kyerematen, has...

VIDEO: Bawumia moves campaign from the streets into trotros

Vice President Dr. Mahamudu Bawumia has taken his campaign...

Anti-galamsey efforts are insufficient without signing a strategic pact – NAPO

The Vice-Presidential Candidate of the New Patriotic Party (NPP),...

Move to the kitchens, bedrooms and toilets to campaign – Hawa Koomson charges NPP supporters

Awutu Senya East Member of Parliament and Fisheries Minister,...

PSG stands by defender Nuno Mendes after racial abuse in new message

Paris Saint-Germain's (PSG) Nuno Mendes faced a wave of...

Related stories

Ghana records 160,000-tonne loss to cocoa smuggling in 2023/24 season – Report

Ghana COCOBOD has revealed that approximately 160,000 tonnes of...

Cedi continues to depreciate against major currencies, reaches GHS16.15 to a dollar

Ghana's cedi continues to face consistent depreciation against key...

Chinese govt to support Africa with over $50m in the next 3 years

The Chinese government plans to offer $50.6 billion in...

Petrol reduced to GHS12.99, diesel now GHS14.49 at pumps

Several Oil Marketing Companies (OMCs) have begun implementing substantial...

Fuel prices anticipated to decrease for fourth consecutive time

The Chamber of Petroleum Consumers (COPEC) expects fuel prices...

Ghana Link Network introduces weighbridge system to check cargo measurement at the ports

Ghana Link Network Services Ltd. has finished installing four...