SaveOurProjects

@DennisMiracles @1TalkIsCheap @grok explain the table to me in very simple terms

@1TalkIsCheap If you understand accounting… then interpret this accounting position as at 2024… arrogant braggarts

I hear Dr. Randy Abbey is all over the place making excuses instead of sitting down and finding a solution to this unprecedented shame in the cocoa sector. It will do him a lot of good to fix this mess an get our dear cocoa farmers their money rather than his weak attempt to blame this on debts left at CocoBod by a previous Government. For the records the current crisis is as a result of ONE POOR TRADING decision by the Randy Abbey led management and not as a result of Cocobod debt. INFACT….. The NPP Government in 2017 inherited a lot of debts too and yet never left farmers stranded and impoverished like we are witnessing now. Your NDC government left a whopping GHc5billion cedis in Cocoa roads debt in 2017. Using the exchange rate of 4.4, it translates to about $1.1 billion dollars. Total cocoa roads awarded from 2013 to 2015 was GhC 1.7 billion cedis. In 2016, alone, your government awarded GHC 5.6 billion worth of cocoa road contracts. So awarding a lot of cocoa roads in an election year is a practice initiated by your NDC government. You had left other construction contract debts worth GHC 258 million. Your NDC Government had borrowed from BOG/Cocoa Bills in 2013 and in 2016 amortized it into 10year loan facility. The total was GHC 1.99 billion on Cocobod books. In the last 8 years we were servicing the interest on that loan as well as part of the principal. Every month, the interest on that amount that had to be paid was GHC 9million. Between 2017 to 2020, we had paid about GHC 330 million servicing interests. Your NDC Government had expended the $1.8billion syndication meant to buy 850,000 tonnes of cocoa for 2016/2017 season. As at January 2017, the money was finished with 300,000 tonnes left to be bought. How do you think the then management got funds to purchase those cocoa. When the NPP Government took over from your NDC Government in 2017, we started Cocobod without a dime in the coffers, simply because you had spent all the syndication loan of $1.8 billion by December 2016. At least, as at January 2025 when you took over from the NPP, the NPP government had left you more than $500million which amounts to about GHc5billion if you use a usd rate of GHc10. The finance minister is reported in his budget to parliament that proceeds from cocoa in 2024/2025 was about $3.8 billion. That translates to 38 billion cedis or more using a forex of GHC 10. If you have revenue of 38 billion cedis and liabilities of 32 billion cedis, how do you turn around to call the organisation junk? Your own comments are sinking the institution. If Cocobod was suffering, the most ideal management decision would be to cut cost, so why did you decide to change the fertilizer subsidy model to free fertilizer which you and the finance minister proudly announced? You did so because you saw good revenue and knew the industry could handle it. In all of these your PR stunt amidst this obvious incompetence, what you have failed to admit and tell your audience is your poor trading decisions you made. That singular poor trade decision is what has brought this crisis upon the country and you know it. Instead of admitting, you want to use a weakling excuse. You decided to fire the technical and experienced professionals you have in the trading room of CocoBod. With your inexperienced crew, you decided to wait to sell part of the 2025 Cocoa and 2026 Cocoa on spot to make a windfall, instead of hedging forward sales as has been the practice in the CocoBod trade room. Unfortunately, prices dropped sharply from $10,000 to $4,000 an that’s what has brought us this wahala. You know this is the issue, accept that poor trade decision and find a way out and stop this attempt to draw in the NPP government. Inspite of all the liabilities the NPP government inherited in 2017 with zero money available at cocobod, never in the 8year period did we experience such crisis and shame in the sector.

Got health needs? I’ve got you covered. @cedar_m_plaza

@UrsulaOwusu_ Next time when you meet Ghanaians,you will respect them

I don’t believe this

Justice for Ghana! The Ghana Youth Leadership Academy (GYLA) condemns the unlawful arrest of peaceful protesters fighting against galamsey. We demand immediate release of detained individuals and urgent action to address environmental crises #FreetheCitizens #SayNoToGalamsey

current location Shiashie #FreeTheCitizens #StopGalamseyNow

@tv3_ghana @GTV_Ghana @ghonetv @Channel1TVGHA @tvafricagh

Thank you for joining us. Let’s do this together. YOUTH ARISE!! #Letmytaxcount #saveourprojects @JoyNewsOnTV @GTV_Ghana @Channel1TVGHA @tv3_ghana @Graphicgh @tvxyzghana

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Let’s join forces and voices to demand accountability and completion of our projects.

Excerpts from our Press conference🎊🎉🎊#YouthArise @tv3_ghana @JoyNewsOnTV @Adom1063fm @GTV_Ghana @Citi973 @Channel1TVGHA @Graphicgh

Press Conference on Going . #LetMyTaxCount

We need your voice! Join us in calling for transparency and accountability in government projects. Let's ensure no project is left behind! #SpeakUpGH #AccountabilityNow #SaveOurProjects @GETFundOfficial @Occupy_Gh @tv3_ghana @Channel1TVGHA @JoyNewsOnTV

Tomorrow the 'Save Our Projects' Press Conference