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The time is now to change Ghana’s Cocoa Law – Nicholas Opoku writes

I recently spoke with a retired partner of a Washington, D.C. law firm who has become a friend and mentor. He once led the firm’s public interest litigation practice. As we discussed my professional interests and past work, our conversation naturally drifted to my cocoa advocacy, which he had come across online.

He asked a question many friends and colleagues have privately asked me over the past few months: How did you become so invested in reforming Ghana’s cocoa law?

The truth is, I have no pecuniary interest in cocoa. I do not own a cocoa farm, nor do I have any stake in the cocoa value chain or the artisanal chocolate industry. But cocoa is woven into my family’s story. Long before I was born, my paternal grandfather owned tens of acres of cocoa farms in Ghana’s Ahafo Region. By all accounts, he was a prosperous cocoa farmer.

Like many families in cocoa-growing communities, cocoa was the lifeblood that sustained his family. Yet, for reasons still recalled in fragments and contradictions within family memory, he lost those farms under “strange” circumstances. He died before I was born. Perhaps one day I will tell my grandfather’s story and its impact on me fully, maybe in a memoir, if life grants me the time to write one.

So no, my advocacy is not driven by personal gain or profit. It is rooted in a quiet conviction that the people whose labor built much of this country, including my grandfather, deserve dignity and justice.

The travails of cocoa farmers

Farmers are among the most hardworking and most resilient people you will ever meet, and cocoa farmers perhaps most of all. The President of Ghana, John Dramani Mahama, himself would understand this well. He is a farmer too.

Cocoa cultivation is incredibly challenging. Farmers endure years of hardship before earning a single harvest. They must first secure land, often through fragile tenancy arrangements such as “abunu” or “abusa”, then spend 3 to 5 years clearing, planting, pruning, spraying, and tending cocoa trees, all without income from the crop.

During that time, they rise before dawn in villages with limited roads, healthcare, and electricity, while still struggling to feed their families and keep their children in school.

Climate change has made this life even harder: higher temperatures reduce yields, longer rains fuel disease and pests, and increasingly erratic weather deepens uncertainty. And when the harvest finally comes, the labor continues, as pods are split by hand and beans are painstakingly fermented, dried, and bagged for export.

Despite these sacrifices, a 1984 law, whose antecedents date back to the colonial period, denies cocoa farmers the right to freely negotiate prices and sell their property to buyers of their choice. Instead, they are forced to sell exclusively to the Ghana Cocoa Board (COCOBOD) at below-market prices set entirely by the State.

Trading outside this monopsony is a criminal offense. Imprisoning someone for at least five years simply for trading their own property violates basic civil rights and natural law.

Over the 30 year period between the 1990/1991 and 2020/2021 cocoa seasons, cocoa farmers have earned, on average, just 55.8% of the global cocoa price, according to our preliminary analysis of data from the International Cocoa Organization (ICCO).

In the 1993/1994 cocoa season, the farm gate price paid to farmers was as low as 32% of the world price.

The operation of this law, therefore, effectively reduces cocoa farmers to a form of servitude. No other trade, occupation, or vocation is subject to this kind of treatment. Even minimum wage laws entitle covered wage-earners to a wage above what they would otherwise earn for their labour in a free labour market. Why, then, has this egregious cocoa law never been amended or challenged in court?

The inequities and injustices embedded in this cocoa marketing framework have never sat well with me. It is a conviction deeply shared by my colleagues, Kwadwo Gyan and Sybil Efrima Sam.

What reform should look like

To be clear, we are not advocating for a sudden liberalization of the market, nor are we calling for the abolition of the Ghana Cocoa Board. We are not asking for a complete deregulation of the sector, nor do we demand that the State abandons its vital roles in quality control, buyer licensing, export infrastructure, research, or the development of the “cocoa roads” program.

Our argument is far more fundamental. We are simply asking that the State stop taking the property of vulnerable cocoa farmers.

The hard-earned fruit of a farmer’s labor should not be subjected to a forced sale to a state-designated buyer at a unilaterally determined, below-market farm gate price without the “prompt, fair and adequate compensation” explicitly required by the Ghanaian Constitution. Cocoa farmers should be free to sell to whichever buyer they want and negotiate prices.

The State can participate in the enterprise if it chooses, through a commercial entity, howsoever described. If the state entity offers a preferable price in a given cocoa season, farmers will sell to the state.

However, if another buyer offers a better price, it should not be a crime to sell to that buyer. The state can mobilize revenue through income taxes, export levies, buyer license fees, penalties on non-compliant participants in the value chain, cocoa tourism, etc.

The Abandoned Medium-Term Cocoa Development Strategy of 1999

Before the British colonial government introduced the Ghana Cocoa Board’s statutory monopsony, the Gold Coast’s cocoa sector operated through a competitive market system with multiple buyers, organised farmer cooperatives, and prices determined through negotiation rather than by State fiat.

The proposal is therefore not for the Government of Ghana (GoG) to experiment with an unknown model, but to restore a market structure closer to what existed before colonial intervention distorted the sector.

Ghanaian cocoa farmers should be allowed to act collectively and trade their own produce in their own economic interest. It is worth noting that the Government of Ghana itself, at the highest level of executive decision-making, accepted and approved the case for cocoa sector reform.

In the 1990s, acting on advice from the International Monetary Fund and after broad stakeholder consultations, the Cabinet approved reducing State involvement in cocoa marketing. This position was later reflected in the Medium-Term Cocoa Development Strategy of 1999.

In other words, the decision was already made; it was simply never implemented. That fact disposes of any suggestion that what we now seek is radical, foreign, or untested in Ghanaian governance.

Ghana should not be an outlier.

Ghana is today, the only major cocoa-producing country in the world that retains a full statutory monopsony over the purchase of cocoa from smallholder farmers.

Every major producer has in some form, liberalized. Even our neighbors, Côte d’Ivoire (the world’s largest producer), now operates what may fairly be described as a hybrid system.

A regulatory body, the Conseil du Café Cacao, sets a guaranteed minimum farm gate price each season and supervises the sector.

Within that price floor, however, a plurality of licensed private buyers, exporters, and cooperatives compete to purchase cocoa from farmers. The state retains a meaningful role in “protecting” farmers from price volatility and ensuring sectoral stability, but it does not stand between farmer and buyer as the sole purchaser.

Beyond Côte d’Ivoire, there are valuable best practices across other cocoa-producing countries that offer useful guidance.

Ghana would benefit from recognizing its place within a broader global industry and thoughtfully drawing on these shared experiences to strengthen and improve its approach.

The writer is a lawyer with experience in strategic litigation, corporate law, and legal policy.

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CAG congratulates President Romuald Wadagni, the President of Republic of Benin as a Recognition of a New Generation of African Leadership

The Chamber of Agribusiness Ghana together with its partners, the wider agribusiness community of Ghana and across Africa is congratulating H.E President Romuald Wadagni, the President of the Republic of Benin as the rise of a new generation of African leadership.

The Chamber describes the inauguration as a democratic moment not only for Benin, but for the African continent.

“At just 49 years of age, you assume office as one of Africa’s youngest democratically elected Presidents, carrying with you not only an overwhelming electoral mandate of more than 94% of the vote, but also the hopes, aspirations, and confidence of millions of citizens who see in your leadership a renewed promise for prosperity, reform, and national transformation,” CAG exults him.

His remarkable journey, from global finance and executive leadership to the national public service and now the Presidency stands as a powerful testament to his discipline, excellence, vision, and service.

As a young man born on June 20, 1976, in Lokossa, Benin, he has delved in all spheres of national and international professional careers that earned him a reputation as one of Africa’s most respected economic reformers.

Africa celebrates not only his victory, but his story. A story of intellect, service, and generational leadership. A story that tells millions of young Africans that leadership is not reserved for age alone, but for vision, competence, courage, and commitment to country. “Your inauguration sends a clear and powerful message across our continent: Africa’s future is now. The youth of Africa are watching with pride, young entrepreneurs with hope, young professionals with belief, and young leaders with conviction that African governance can be innovative, globally competitive, economically disciplined, and deeply people centred.”

To his pledge to the citizen of Benin, the Chamber describes it as the one that resonates strongly across African growth, that create jobs, reduce poverty, improve access to services, uplift families, and build dignity.
“We are particularly inspired by your demonstrated commitment to: Economic transformation and fiscal stewardship, private sector growth and entrepreneurship, regional trade and competitiveness, youth employment and innovation, infrastructure and industrial development and peace, democracy, and national unity,” the Chamber added.

The Chamber of Agribusiness Ghana, recognise the tremendous opportunity for deeper collaboration between Ghana and Benin; particularly in agribusiness, agroindustrialization, food systems transformation, agricultural trade, logistics, youth enterprise development, and regional value chains under the African Continental Free Trade Area (AfCFTA). The Chamber looks forward to stronger partnerships between our nations and institutions in advancing food security, industrial growth, and economic prosperity for our people.

“As you take the oath of office and begin this seven-year mandate, may your presidency be guided by wisdom, courage, humility, and bold vision. May your leadership bring peace to communities, your policies unlock opportunity for youth, your reforms deepen prosperity, and your legacy strengthen democracy. And may your presidency help shape a stronger, more united, and economically transformed Africa,” the Chamber added.

Read more: CAG congratulates President Romuald Wadagni, the President of Republic of Benin as a Recognition of a New Generation of African Leadership

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The mastery of wealth creation is agriculture; Evans Kyere-Mensah told the youth

The convener of Ghana Youth Agriculture Summit, Evans Kyere-Mensah has revealed the mastery of making wealth and that is agriculture to the youth during the 2026 Ghana Youth Agriculture Summit that was held in Bono Region.

According to the convenor, agriculture is not a punishment, nor the last option in life, rather it is a business that involves technology to create wealth.

“Many have been taught to see agriculture as a last option instead of one of the greatest opportunities of our generation. But let me say this clearly today: Agriculture is not poverty, agriculture is not punishment, agriculture is business, agriculture is industry, agriculture is technology, and agriculture is wealth creation,” he added

To elucidate the wealth creation, he said farmers feed the entire population on the planet daily; the products been cocoa, cassava, maize, poultry, vegetables, fruits, and livestock that are consumed daily is the trillion-dollar industry for the youth to tab in to.

He mentioned that the youth should take the mantle and focus on the opportunities in the agriculture sector. Most of the youth are interested in office jobs that do not exist when their families have fallow lands in their hometowns that they can develop to produce food for the state.

He advised the youth to venture into agriculture by starting small, “do not despite small beginnings, many young people are waiting for big capital before they start, but history teaches us that great businesses rarely begin big: begin with vision, consistency, and courage”.

He further said that the future millionaire in agriculture may not start with 100 acres, it may start with one acre, one greenhouse, one poultry pen, one processing machine, or one bold decision.

Interestingly, he explained opportunities that have been created by the government institutions like NEIP, National Service Authority, youth entrepreneurship initiatives, skills development programs, agribusiness incubation projects, and private sector interventions designed to support young individuals who have interest in agriculture with training, mentorship, financing access, and enterprise development but these opportunities are for those who have prepared.

To gain wealth, do not wait for perfect conditions nor somebody to save you, and not to underestimate the beginning, he admonished the youth.

He urged all build a generation of young Ghanaians who do not only seek jobs, but to create industries, employment, value addition to transform to wealth.

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Ghana Calls on Global Cocoa Buyers to Invest in African Cocoa Farms

Ghana plans to call on global cocoa buyers and chocolate manufacturers to invest directly in African cocoa farms as producing countries face rising costs tied to sustainable production and regulatory compliance.

The proposal is expected to form a central part of discussions at the 2027 World Cocoa Foundation Partnership Meeting, which will be hosted in Accra for the first time since the summit was established roughly two decades ago.

Randy Abbey, chief executive of the Ghana Cocoa Board, said producing countries should no longer carry the financial burden of maintaining a viable and sustainable cocoa industry alone.

“The quest for a financially viable industry cannot and should not be the sole burden of producing countries,” Abbey said during the summit launch ceremony.

Ghana intends to advocate for a broader financing model involving international chocolate companies, cocoa traders and global buyers.

The country’s proposals are expected to include investment in replanting aging cocoa farms, replacing diseased trees, improving farm productivity and supporting sustainability programmes.

Ivory Coast and Ghana together account for roughly 60% of global cocoa production, yet much of the sector remains dominated by smallholder farmers with relatively low incomes despite the global cocoa industry generating an estimated $100 billion annually.

Both governments currently spend hundreds of millions of dollars each year supporting farmers through fertilizer distribution, seedlings, disease management and regulatory compliance programmes.

The summit is also expected to address the financial implications of the European Union’s new deforestation regulations, which require cocoa imported into Europe to be fully traceable and verified as deforestation-free.

The rules are scheduled to take effect later this year and are expected to increase compliance costs across cocoa-producing countries.

Abbey said sustainability compliance costs should not disproportionately burden poor farmers and producing nations.

“We need a fair, transparent pricing structure that reflects the true cost of sustainable production,” he said.

The push for greater buyer participation comes after a period of sharp volatility in global cocoa markets.

Cocoa prices surged to record highs in late 2024 before falling sharply, creating financial disruptions across supply chains in both Ghana and Ivory Coast.

The market instability has also prompted discussions around reforming domestic cocoa pricing systems in the two countries.

Authorities are now considering more flexible pricing mechanisms that adjust more frequently to global market movements rather than maintaining largely fixed seasonal prices.

The debate reflects growing pressure across Africa’s agricultural commodity sectors for fairer value distribution and increased local participation in global supply chains.

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GH¢5.22 set for as mango producer price for 2026 season – TCDA

The Tree Crops Development Authority (TCDA) has announced a minimum producer price of GH¢5.22 per kilogram for second-grade fresh mango for the 2026 major season.

The Authority said the price was determined in consultation with key stakeholders, including the Federation of Associations of Ghanaian Exporters (FAGE) and other actors within the mango value chain.

A statement issued by the TCDA said the announcement was made in accordance with Section 3(f) of the Tree Crops Development Authority Act, 2019 (Act 1010) and Regulation 47(1) of the Tree Crops Regulations, 2023 (L.I. 2471).

It said the intervention was aimed at ensuring fair pricing, improving export competitiveness and promoting transparency in the marketing of selected tree crops.

The statement said Ghana’s mango sector continued to grow as one of the country’s promising tree crop industries, contributing to export earnings, rural employment and agroindustrial development.

It said producers with first-grade mangoes could negotiate premium prices above the minimum producer price to encourage quality production within the sector.

The Authority reiterated that all actors within the selected tree crops value chain, including nursery operators, service providers, input dealers, aggregators, exporters and processors, were required to register and obtain licences in line with existing regulations.

The statement said the registration and licensing exercise would improve standards, ensure traceability, promote quality assurance and strengthen regulation within the sector.

The TCDA regulates six selected tree crops in Ghana namely mango, coconut, cashew, rubber, oil palm and shea.

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PBC secures GH₵30m financing facility to pay cocoa farmers

The Produce Buying Company (PBC) says it has secured a financing facility backed by a GH₵30 million credited cocoa stock to enable it pay farmers promptly amid ongoing liquidity challenges within Ghana’s cocoa sector.

The move comes at a time several Licensed Buying Companies (LBCs) continue to struggle with severe cash constraints and delayed payments to farmers, a situation that has heightened concerns across the cocoa supply chain.

Speaking at the signing of a Memorandum of Understanding between the Produce Buying Company and the Ghana National Cocoa Farmers Association (GNACOFA), Deputy Managing Director in charge of Finance, Thomas Ayisi described the facility as a major intervention aimed at restoring confidence among cocoa farmers, and repositioning the company after years of financial difficulties.

“PBC has secured a facility for paying credited stocks from farmers. In doing so, we distinguish ourselves from competitors who still owe. This act restores credibility and rebuilds trust at the grassroots which is the very foundation of our sector.”

“This GNACOFA-backed facility, which was supported by 30 million cedis credited stocks, is proof that PBC is not merely surviving but actively restructuring”, he said.

According to him, the financing arrangement will strengthen PBC’s operational capacity and ensure timely payments to farmers during the cocoa purchasing season.

Mr. Ayisi noted that the company remains committed to rebuilding its relationship with cocoa farmers by improving efficiency and addressing longstanding challenges that have affected operations in recent years.

He added that the partnership with GNACOFA forms part of broader efforts to deepen collaboration with farmers and enhance sustainability within the cocoa sector.

The National President of the Ghana National Cocoa Farmers Association, Stephenson Anane Boateng said the partnership will support efforts to address major challenges confronting the cocoa sector including smuggling and illegal mining.

“This partnership with PBC presents an opportunity to establish stronger systems and structures that will directly support cocoa farmers and improve their welfare.

The agreement is also expected to help stabilise farmer incomes at a time the sector continues to face financing and operational pressures.

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Ghana’s farmgate cocoa price beats Côte d’Ivoire despite criticism – AAK NDC

Cocoa farmers in Ghana are currently earning more per bag than their counterparts in neighbouring Côte d’Ivoire, Nana Attakorah Asante has said, rejecting opposition claims that producers are worse off under the current administration.

Speaking to the Ghana News Agency, Nana Attakorah Asante, Communications Officer of the National Democratic Congress (NDC) of the Abura-Asebu-Kwamankese (AAK) Constituency, said current cocoa prices showed that Ghanaian farmers were earning more than their counterparts in Côte d’Ivoire and described attempts to suggest otherwise as politically misleading.

His remarks followed recent visits by some leading New Patriotic Party (NPP) members, led by Rev. John Ntim Fordjour, Member of Parliament for Assin South, to communities within the constituency, including Obengkrom, where they engaged cocoa farmers and criticised the government’s cocoa pricing policies and economic management.

Mr Asante said the NPP delegation entered some cocoa-growing communities to convince farmers that the government had failed them following recent cocoa price adjustments linked to global market downturns and economic pressures.

However, he said prevailing cocoa prices within the West African sub-region showed that Ghanaian farmers were earning more than their counterparts in Côte d’Ivoire, accusing the delegation of spreading “falsehood” to mislead farmers.

“They came into the communities and told cocoa farmers that this government has cheated them on prices, but that is not the reality on the ground,” he said. “As we speak, Ghana cocoa farmers are earning more than those in Côte d’Ivoire.”

He added that claims that cocoa farmers had stronger purchasing power under the previous administration did not reflect current market realities.

“Our opponents said cocoa farmers could buy more cement under the previous administration, but when you compare current prices and purchasing power, that argument does not hold,” he said.

His comments come amid growing public debate over cocoa producer prices following recent adjustments announced by the Ghana Cocoa Board as part of measures to stabilise the sector.

Mr Asante said Ghana’s cocoa producer price currently stood at about GH¢2,587 per 64-kilogramme bag following the latest adjustments earlier this year.

By contrast, he said cocoa farmers in Côte d’Ivoire currently earned about GH¢1,200 per bag under that country’s mid-crop pricing system.

A Ghana News Agency investigation similarly found that Ghana’s farmgate price remains significantly higher than Côte d’Ivoire’s, citing the same price range of about GH¢2,587 compared with roughly GH¢1,200 per bag.

Nana Asante said the higher producer price in Ghana had contributed to increasing cases of reverse cocoa smuggling from Côte d’Ivoire into Ghana.

“Before, people were smuggling cocoa from Ghana to Côte d’Ivoire. Today, the reverse is happening because Ghanaian prices are more attractive,” he stated.

Mr Asante also dismissed claims that cocoa farmers had lost purchasing power under the current administration, arguing that declining inflation and falling cement prices had improved farmers’ ability to afford building materials.

“Currently, cement prices in many parts of the constituency range between GH¢72 and GH¢82 per bag. Farmers can still buy around 30 bags of cement with proceeds from one bag of cocoa and even get some balance,” he said.

Mr Asante said government interventions in the cocoa sector extended beyond producer prices, citing ongoing fertiliser distribution, cocoa spraying exercises and plans to improve farmers’ share of the Free-On-Board cocoa price.

He further accused the opposition of attempting to create disaffection among cocoa farmers through political propaganda, claiming some participants in the engagements were brought in from outside the affected communities.

“They came with a political agenda, but after we engaged the people and explained the facts, many residents understood the true situation,” he said.

Mr Asante maintained that ongoing development projects facilitated by the Member of Parliament, Mr Felix Ofosu Kwakye, within cocoa-growing communities in the constituency demonstrated the government’s commitment to improving livelihoods.

He cited road projects, classroom blocks, CHPS compounds, boreholes and water supply interventions across the constituency.

“These projects are visible in the communities. The people can see and testify to what is happening,” he added.

Mr Asante called for discussions on cocoa pricing and farmer welfare to be guided by facts rather than partisan politics, stressing the importance of the sector to Ghana’s economy and rural livelihoods.

“This sector supports thousands of families and contributes significantly to the national economy, so we must be careful not to mislead farmers with false information,” he said.

He maintained that the ruling NDC remained committed to improving the welfare of cocoa farmers through better pricing policies, agricultural support programmes and rural development interventions.

“We are urging cocoa farmers to look at the realities on the ground and compare the figures themselves,” he added. “At the moment, Ghanaian cocoa farmers are earning more than their counterparts in Côte d’Ivoire, and that is a fact everybody must acknowledge.”

Ghana and Côte d’Ivoire together produce about 65 per cent of the world’s cocoa and have in recent years collaborated under the Côte d’Ivoire

Ghana Cocoa Initiative to strengthen farmer incomes and improve influence over global cocoa pricing.

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Ghana increases ginger import to supplement local production

Deputy Minister for Food and Agriculture, Hon. John Dumelo, has attributed the sharp rise in ginger prices to a mysterious disease that has devastated ginger farms across Ghana over the past two years.

“There’s a strange ginger disease that has come and, for the last two years, it has affected most ginger farmers. That is why ginger has become so expensive,” he said.

According to the Ministry of Food and Agriculture, the outbreak has significantly reduced yields, creating supply gaps that traders say have become increasingly difficult to fill.

The shortages have forced traders to source ginger from countries including China, Cote d’lvoire, Nigeria and Togo to supplement the local market. Historical trade records also indicate imports from Sri Lanka, India and the Netherlands.

Figures from the Ghana Statistical Service show that China accounted for more than 23 percent of Ghana’s total imports in the final quarter of 2025, with shipments including machinery, electronics, textiles and agricultural products.

Trade data published by the United Nations COMTRADE indicate that Ghana imported approximately US$39,740 worth of ginger, turmeric, saffron, thyme and related spice products from China in 2023.

These figures underscore Ghana’s growing dependence on imported ginger, despite the crop’s longstanding importance to local agriculture, food processing and traditional medicine.

Economists have linked the situation to broader structural weaknesses in Ghana’s agricultural sector, particularly limited investment in disease control, post-harvest management and climate resilience.

Recent data also show that Ghana’s imports from China reached record levels in late 2025, with monthly imports peaking at approximately US$437 million in November.

For consumers, however, the immediate concern is affordability, as rising prices continue to affect households, food vendors, restaurants and spice retailers who depend on ginger for cooking and traditional remedies.

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Cocoa Processing Company interdicts seven staff over GH¢4.37m audit discrepancies

Seven employees of Cocoa Processing Company PLC have been interdicted following audit findings by the Ghana Audit Service, which identified an outstanding and unaccounted amount of GH¢4,373,355.04 linked to the operations of the CPC Consumer Cooperative Shop.

The audit, which examined activities covering the 2023–2024 and 2024–2025 financial years and was completed in March 2026, reportedly uncovered irregularities involving products supplied to the union-run shop located on the company’s premises in Tema.

According to excerpts of the report cited by Myjoyonline.com, the consumer shop, operated by workers through their unions, had accumulated debts to the company amounting to GH¢4,373,355.04 as of September 2025 for goods supplied by CPC.

The report also indicated that the shop operated rent-free on company premises and did not pay for utilities during the period under review. The auditors cautioned that failure to recover the receivables could adversely affect the company’s financial position.

The interdicted staff include Theodore Matey Tackey, Chairman of the Senior Staff Union; Abdul-Samed Adams, Chairman of the Junior Staff Union; George Yanney, Principal Accounts Officer; Daniel Mensah, Shop Keeper; Genevieve Pawar, Product Research and Development Manager; James Ababio, Production Manager (Confectionery); and Michael Eshun, Chief Engineer.

Information available indicates that four of the affected officers served on the Consumer Shop Management Committee, two acted as patrons, and one served as the shopkeeper responsible for day-to-day operations.

Sources within the company said management acted after receiving the audit findings and issued queries to the affected staff to explain the discrepancies identified.

The staff were reportedly given the opportunity to respond before the interdictions were imposed. Some of the officers are said to have denied wrongdoing and disputed aspects of the audit findings in their responses.

A letter of interdiction dated May 11, 2026, and signed by the Managing Director, Professor William Coffie, stated that management had reviewed the responses but found that there had been “no headway” in resolving the matter.

The letter added that further investigations were necessary to arrive at a conclusive determination, in line with the Ghana Audit Service’s recommendations for the recovery of the outstanding amount.

As part of the directives, the affected staff have been instructed to cease all withdrawals from the Consumer Shop’s bank accounts and to make themselves available for a full stock-taking exercise to be jointly conducted by the company’s Audit and Accounts Departments under the supervision of the Security Coordinator.

They are also required to submit handing-over notes and will remain on two-thirds salary pending the outcome of investigations, in line with the company’s collective agreement.

The Ghana Audit Service has recommended the immediate recovery of the outstanding receivables and urged CPC to ensure proper accounting for rent, water, and electricity going forward.

The development has triggered discussions among workers, with concerns raised about the scale of the amount involved and its implications for both management and the unions associated with the shop.

Management of Cocoa Processing Company PLC had, at the time of filing this report, not issued any public statement beyond the interdiction letters served to the affected staff.

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Ghana Water defends entry into sachet and bottled water business

Ghana Water Limited has defended its decision to venture into the sachet and bottled water business, dismissing claims that the move distracts the company from its core mandate of supplying potable water to Ghanaians.

Managing Director of GWL, Adam Mutawakilu, said criticisms surrounding the initiative are based on misunderstandings about the structure and operations of the company.

According to him, the sachet and bottled water business is being undertaken through a subsidiary and does not interfere with the primary responsibilities of Ghana Water Limited.

Mr. Mutawakilu explained that subsidiaries often operate independently while supporting the broader objectives of a parent institution, adding that such arrangements are common among major state-owned enterprises.

He cited Volta River Authority as an example, noting that the authority operates subsidiaries involved in power distribution and revenue collection without compromising its core mandate.

The GWL Managing Director stressed that the company remains fully committed to delivering safe and reliable water to the public, while exploring additional business opportunities through legally established subsidiaries.

He further urged critics and members of the public to seek accurate information and better understand the distinction between parent companies and their subsidiaries before making comments about GWL’s operations.

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