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Akufo-Addo appoints 3 Deputy CEOs to COCOBOD

By Clement Edward Kumsah

President Akufo-Addo has appointed three Deputy CEOs to the Ghana Cocoa Board (COCOBOD) according to the CEO of COCOBOD, Joseph Boahen Aidoo.

The three are Mr Emmanuel Ray Ankrah (Dep. Chief Executive, F&A); Dr Emmanuel Agyemang Dwomoh (Dep. Chief Executive, A&QC); and Mr Emmanuel Adem Opoku (Dep. Chief Executive, OPS).

The announcement was made by the CEO of Ghana Cocoa Board in a circular to the staff of COCOBOD, dated 8 October 2018.

The appointment of the three deputy CEOs comes after the President Akufo-Addo, with immediate effect, reassigned the Deputy Chief Executive Officer-In-Charge of Agronomy and Quality Control at COCOBOD, Dr Yaw Adu-Ampomah, to the Ministry of Food and Agriculture.

A letter titled: ‘Reassignment to the Ministry of Food and Agriculture’, dated 1 October 2018 and addressed to Dr Adu-Ampomah by Nana Asante Bediatuo, Secretary to the President, said: “The president has, with immediate effect, reassigned you to the Ministry of Food and Agriculture as a Special Adviser on Cocoa Affairs to the Minister”.

CEO of COCOBOD, Joseph Boahen Aidoo

“You are directed to report to the ministry for the reassignment to be regularised.
“Please accept the president’s best wishes”, the letter stated.

In a related development, the Ghana Cocoa Board (COCOBOD) has secured US$1.3 billion from a consortium of 21 banks to finance cocoa production and purchases in the 2018/19 cocoa season.

The loan, led by ABN AMRO, the Bank of China, the UK branch of the Industrial and Commercial Bank of China (ICBC), Standard Chartered Bank and the Ghana International Bank, will attract an interest rate of 0.60 per cent plus Libor rate, which is the benchmark rate that some of the world’s leading banks charge one another for short-term loans.

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The Chief Executive Officer (CEO) of the COCOBOD, Mr Joseph Boahen Aidoo, signed on behalf of the COCOBOD, while representatives of the participating banks initialled for their respective banks.

The signing ceremony in Amsterdam in The Netherlands yesterday was witnessed by the Chairman of the Parliamentary Select Committee on Finance, Dr Mark Assibey-Yeboah; the Chairman of the Parliamentary Select Committee on Food and Agriculture, Mr Kwame Asafo Agyei, and Ghana’s Ambassador to the UK, Papa Owusu Ankomah.

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