Minister of Finance, Dr. Cassiel Ato Forson
The Minister of Finance, Dr. Cassiel Ato Forson, has disclosed that COCOBOD has accrued a debt of GH¢32 billion with GH¢11.92 billion to be paid this year.
“COCOBOD outstanding debt amounts to GH¢32 billion, of which GH¢11.92 billion is due to be paid in 2025,” he said.
Ato Forson further noted that outstanding cocoa road contracts for 2024 amounts to GH¢21 billion, approximately $1.3 billion.
He made the statement while presenting the 2025 Budget Statement and Economic Policy to Parliament.
The budget was on the theme, “Resetting the economy of Ghana we want.”
According to him, COCOBOD has only accounted for GH¢4.4 billion in its finances for the year 2025.
However, he stated that cocoa production dropped drastically in the last 3 years by 50 percent.
“Our cocoa production suffered 50 percent over 3 years, which affected the economy,” he added.
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