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Ghana Cocoa Board management rejected a report by the Auditor General that expired fertilizers and agrochemicals valued at 23.9 million yen were written off by the board in 2018, without parliamentary approval.
The report has since been republished by various media houses.
In a statement, management said it had done nothing wrong because the delisting occurred due to mismanagement by the old administration.
“When the current management took over the administration in 2017, they were surprised to find that there were significant volumes of chemicals and fertilizers in stock. He therefore had an audit carried out on the workstations which revealed that certain fertilizers and agrochemicals evaluated at 23,957,520.65 were out of date, ”he stressed.
He added that “management then sought board approval to write off the value of expired farm inputs from COCOBOD’s books, an approval which was duly granted.”
Continuing, he said management was thus working with the board of directors for subsequent submission to parliament for retrospective approval of the delisting through the Ministry of Food and Agriculture.
He assured stakeholders that prudent measures had been put in place to avoid recurrence of problems of this nature.
Duplicate: Auditor General’s report on obsolete chemicals and fertilizers at COCOBOD
The Auditor General, in his report on Ghana’s public accounts: public councils, companies and other statutory institutions for the period ended December 31, 2020, indicated that obsolete fertilizers and agrochemicals valued at 23.9 million Ghc had been written off. of the Ghana Cocoa Board (COCOBOD) by the Board of Directors in 2018 without parliamentary approval.
The report has since been republished by various news houses and online portals as well as social and political commentators across the country. We wish to inform Ghanaians, especially our dear cocoa farmers and other stakeholders, of the facts behind this report.
COCOBOD purchases fertilizers and agrochemicals for distribution to cocoa farmers in cocoa growing regions. Usually, these purchased agrochemicals and fertilizers are distributed and applied in the same year.
When the current management took over administration in 2017, she was surprised to find that there were significant volumes of chemicals and fertilizers in stock. He therefore had an audit carried out on the articles which revealed that certain fertilizers and agrochemicals valued at 23 957 Ghc 520.65 were out of date.
Management then sought approval from the board of directors to write off the value of obsolete farm inputs from COCOBOD’s books, an approval which was duly granted.
Management is working with the board of directors for subsequent submission to parliament for retrospective approval of the delisting through the Ministry of Food and Agriculture.
We wish to assure our stakeholders that prudent measures have been put in place to prevent the recurrence of problems of this nature.
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