COCOBOD warns LBCs against buying cocoa on credit; threatens to withdraw licenses
The Ghana Cocoa Board (COCOBOD) has warned Licensed Buying Companies (LBCs) against purchasing cocoa beans from farmers on credit, with repeat offenders facing possible loss of their operating licences. COCOBOD Chief Executive Officer, Dr Randy Abbey, said the directive is intended to improve liquidity in the cocoa purchasing system and ensure farmers receive prompt payment […]
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