Chief Executive Officer of the Ghana COCOBOD, Joseph Boahene Aidoo, says government is investigating the withdrawal of $400 million cedis out of the $1.8 billion cocoa syndicated loan secured for the 2016/2017 crop season, between December 20th and January 2017, when the National Democratic Congress (NDC) administration, had already lost the 2016 elections.
The COCOBOB CEO says soon Ghanaians will know the outcome of their investigations into that transaction. He explained that, the NDC government secured an amount of US$1.8 billion for the 2016/2017 cocoa purchases, which were projected at 850,000 metric tonnes.
He said the US$1.8 billion had been fully drawn and utilized when only 587,125 metric tonnes of cocoa had been purchased as at January 2017.
He said “the mystery surrounding the exhaustion of the US$1.8 billion is being investigated and the full facts will be made known to Ghanaians in due course. Unusual to the loan utilization is the last drawdown of US$400.0 million which was affected on 20th December 2016 at the time the NDC had unhappily lost the December 2016 elections.”
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