Samuel Erasmus Afrane
51 posts


@Young_GH09 @konkrumah You do not know project mgt and the essence of this project so you can talk rubbish.
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@konkrumah Which loss is more painful than this! This is ur government! You think we've forgotten. The bank of Ghana, if they even lose 1 trillion dollars, you and ur minions have no moral right to lecture anyone! Rest

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Take note that KPMG the auditors of BOG have stated in the accounts that the accounts were not prepared in line with IFRS . They were prepared in accordance with the Bank’s own group accounting standards. Page 10 of the audited statements. This explains how they are hiding the real operating losses.
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@KevinEkowTaylor It’s strange for a rotten fellow to define and know a dead church!
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@Hajjyass70 When you are failing miserably to deliver, you tend to blame others. Should the NPP blame the NDC for failures in their reign?
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NPP as a party can go to any length to burn down the country just to prove that President Mahama isn’t performing. Unfortunately, the NDC keeps pretending not to know this sacred truth that haunts them.
We complained about the inept government of Nana Addo only to come into power, leave the same people who oversaw the destructions in strategic positions, and expect good results? That’s impossible and insane.
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@lordcudjoe Have you checked where the $214 million has gone to? What is your take on the $3500 gold sale and $5500 gold purchase model we are saddled with? Kindly brief us on the Agyapadeɛ document and its ongoing implementation?
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I just realised if we had allowed AGYAPA to pass, all the multibillion Dollars GoldBod has given us under the current government would have been stashed offshore in the Cayman Islands, where the former finance minister and his extended family and friends and descendants would have been laughing at us. Kokloviwo 😄😁🤣🤣🤣😃
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@_husseinibrahim Talk is cheap! We have heard this several times before.
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@thinkingaloudjy @Manasseh_Azure Are you only 8 years old? What did you do for them all the long while that you have lived? Your years on earth have been useless to others.
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@Manasseh_Azure We must blame npp for wasting our precious 8 years coz they did absofuckinglutely NOTHING in those 8 years. The elephant is way smarter than the members of that silly npp party
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@lordcudjoe It is scandalous. It is a complete lack of integrity, especially when you refuse to render apology. Thieves can even provide reasons for their thievery.
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This is not a scandal, my dear Lady Vim! This is arithmetic at play. You cannot give out what you don't have even if it was promised! The alternative being floated, which is to borrow and pay farmers the shortfall suggested by those who borrowed for many silly projects like the cathedral and overpriced dugouts and Covid-19 parties and in the process left the country in junk-rated and decorated economic stitches is a highway to hell's kitchen!! Heck! They even left a GHS 32billlion hole in the cocoa sector!
That said, I believe two things must happen. COCOBOD is a huge drain on farmers due! It is a behemoth gobbling up 30 % of all cocoa forex receipts in dodgy administrative cost and the apparent interventions to guarantee good yields. We must downsize COCOBOD to a third of its size and restructured with world class recruitment process in the appointment of senior management!
Second, we should simply adopt what obtains in Brazil .As Sitsofe Mensah recommends...
"
The Brazil model is a fascinating contrast to the systems in Ghana and Côte d’Ivoire because it operates on a decentralized, free-market basis. 🇧🇷
Instead of a central government body setting a fixed price for the entire season, prices are determined by the daily global market and local demand.
Key Features of the Brazil Model
- Direct Market Access: Farmers or cooperatives sell directly to processors or exporters. This means when world prices are high, they see that money in their pockets immediately. 💰
- Quality Premiums: Because it’s a competitive market, farmers who produce higher-quality or "fine" cocoa can negotiate much higher prices than the standard bulk rate. 💎
- Risk and Reward: While farmers get the "highs" of the market, they also face the "lows" without a government cushion. They often use financial tools like hedging or forward contracts on their own to lock in prices. 📉
- Domestic Processing: Brazil has a massive internal chocolate industry. Local factories compete with exporters for the beans, which naturally keeps local prices higher to ensure the factories stay supplied. 🏭
This "market mindset" shifts the responsibility from the state to the individual producer or cooperative.
In Ghana, the government takes on the risk but also keeps a portion of the value for "services"; in Brazil, the farmer keeps more of the value but carries all the risk. ⚖️"

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@tv3_ghana But he has a better form of income elsewhere. Do the farmers have that?
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@toku2247 So all these devils were in NPP? They need to be exorcised!
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@Asempa947_FM What about lorry fares, BECE registration, electricity, water, etc?
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New Cocoa Price: The real income of cocoa farmers has improved compared to the NPP era. Under the NPP, GH₵3,100 could buy 26 bags of cement, but today, GH₵2,587 can buy 32 bags of cement, — Eric Opoku, Minister for Food and Agriculture. #Ekosiisen
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@metrotvgh If the exchange rate comes to 1:1, how will you pay the farmers? Will you continue to blame the foreign price of cocoa?
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“We do not control prices on the international market.” — Hamza Suhuyini (Communications Team Member, NDC)
#GoodMorningGhana #MetroNews #metrotvonline

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@cdzas All this while, it’s now that your incompetence is showing that you are realizing the loss? Pure diversion of the heat!
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@_GhChronicles Akyem Asuom citizens must be ashamed of their Kontihene. How can a chief be so senseless? Does he possess any respect in town? I doubt it! I was much wiser when I was 6 years old!
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@fanti_boy You are a rouge chief. You are not even fit to be a messenger!
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