EXPLAINER: Why COCOBOD has ditched plans to borrow from international banks after 32 years

Read Comments Comments (5)

• Tina 1 year ago

  After 7 good years u’re now realizing you have to be self reliant??come out and tell us the real reason for this self reliant thing, is it that u’re unable to borrow more money??Pr and other too guys at cocoboard filthy r ...
  read full comment

  After 7 good years u’re now realizing you have to be self reliant??come out and tell us the real reason for this self reliant thing, is it that u’re unable to borrow more money??Pr and other too guys at cocoboard filthy rich while the company keep suffering. How wicked can you be as a leaders.

  reply
• COD 1 year ago

  This is the right move and right thing to do.
  We cannot continue to be depending on others and mismanage ourselves but wish to see the glory of God.

  This is the right move and right thing to do.
  We cannot continue to be depending on others and mismanage ourselves but wish to see the glory of God.

  reply
• Smioko 1 year ago

  So over 32 years now that you guys have learnt a lesson from this stupid practice and you claim to be educated, is a system you guys use to steal from the nation

  So over 32 years now that you guys have learnt a lesson from this stupid practice and you claim to be educated, is a system you guys use to steal from the nation

  reply
• Ben 1 year ago

  Nobody wanted to lend them money.

  Nobody wanted to lend them money.

  reply
• John 1 year ago

  Everything thing this touches becomes a disaster. International lenders will not lend to cocoa board again, because of mismanagement. The haven't been able to deliver cocoa beans that they sold forward, they owe a lot. Withou ...
  read full comment

  Everything thing this touches becomes a disaster. International lenders will not lend to cocoa board again, because of mismanagement. The haven't been able to deliver cocoa beans that they sold forward, they owe a lot. Without any money, how is cocoa board going to buy from farmers? This move alone will further reduce output because farmers will react by smuggling the beans outside. Further worsening the woes of the country.
  He said savings will be made. How true is that? Is cocoa board going to source funding from free sources?
  The backwardness is too much.

  reply