COCOBOD’s profits must benefit cocoa communities – Richard Sumah
By Sarah Baafi The Deputy General Secretary of the United Party, Richard Sumah, has questioned how profits reportedly recorded by the Ghana Cocoa Board (COCOBOD) have been utilised, particularly in social interventions and corporate social responsibility initiatives. Speaking during a panel discussion on the GTV Breakfast Show on Tuesday, September 1, 2026, on the topic, […]
During a discussion on the GTV Breakfast Show regarding the performance report of state-owned enterprises, the Deputy General Secretary of the United Party, Richard Sumah, raised concerns about the utilization of profits reported by the Ghana Cocoa Board (COCOBOD). Mr. Sumah questioned how these profits, particularly in social interventions and corporate social responsibility initiatives, have been employed.
He emphasized that as the state institution responsible for regulating Ghana’s cocoa sector, COCOBOD’s mandate extends beyond mere profit-making. Sumah inquired about the specific investments made with the profits, especially in the past, and urged for greater transparency regarding the social intervention programs and corporate social responsibility projects initiated by the institution.
He advocated for a more holistic assessment of COCOBOD’s financial performance, suggesting that profitability should be measured not only by financial metrics but also by its contributions to national development and tangible benefits for citizens, especially within the cocoa farming communities and related sectors.
Written by urgent.news from GBC Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
