By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FMStarr FMStarr FM
  • Home
  • Election Hub
  • General
    GeneralShow More
    New GH¢50 note: Theodosia Okoh’s portrait developed from her photographs, not her sister’s – BoG
    November 14, 2026
    W/R: Prioritise competence, put party unity above personal interests – Afo-Toffey to NDC delegates
    November 14, 2026
    NDC goes to polls today to elect regional executives
    November 14, 2026
    AU Commission Chairperson commends Mahama, pledges support ahead of AU Chairmanship
    November 13, 2026
    2027 Budget: Ghana’s GH¢61bn debt interest bill exceeds allocations to key growth sectors – Oppong Nkrumah
    November 13, 2026
  • Business
    BusinessShow More
    Petrol, diesel prices to drop from Nov. 16 as LPG rises by up to 24.58% – COMAC
    November 14, 2026
    New GH¢50 note: Theodosia Okoh’s portrait developed from her photographs, not her sister’s – BoG
    November 14, 2026
    Oppong Nkrumah accuses Ato Forson of borrowing New Economy ideas from Ofori Atta’s Ghana CARES
    November 13, 2026
    2027 Budget: Ghana’s GH¢61bn debt interest bill exceeds allocations to key growth sectors – Oppong Nkrumah
    November 13, 2026
    Western Regional Minister lauds Heath Goldfields for improved operations, local investment
    November 13, 2026
  • Politics
    PoliticsShow More
    W/R: Prioritise competence, put party unity above personal interests – Afo-Toffey to NDC delegates
    November 14, 2026
    Buem NPP Parliamentary Candidate aspirant donates items worth GH¢35,000 to three institutions
    November 14, 2026
    NDC goes to polls today to elect regional executives
    November 14, 2026
    AU Commission Chairperson commends Mahama, pledges support ahead of AU Chairmanship
    November 13, 2026
    Oppong Nkrumah accuses Ato Forson of borrowing New Economy ideas from Ofori Atta’s Ghana CARES
    November 13, 2026
  • Entertainment
    EntertainmentShow More
    Social Fest: Chef Abby urges content creators to build influence beyond social media numbers
    November 14, 2026
    BlackStar Fashion Week: Stakeholders call for stronger IP protection for Ghana’s cultural products
    November 13, 2026
    Govt unveils $1 billion tourism blueprint to build year-round visitor economy
    November 12, 2026
    Chef Abbys arrives in US ahead of Social Fest Texas
    November 12, 2026
    Africa World Airlines partners Revealed: The New Era 2.0 to promote Ghana, Africa tourism
    November 11, 2026
  • Sports
    SportsShow More
    Elite Academy–Prempeh extend Group A lead as Sogakope Cule top Group B
    November 14, 2026
    Black Stars bounce back with 2-0 victory over Somalia to revive AFCON 2027 hopes
    November 13, 2026
    Kudus and Ayew return as Björkegren names Black Stars squad for Somalia double-header
    November 9, 2026
    Stanbic-Asantehene Invitational Golf Tournament strengthens relationships and excellence through sport
    November 9, 2026
    Only five of 31 second-raffle winners secured U.S. visas
    November 6, 2026
  • Technology
    TechnologyShow More
    Samuel Nartey George elected Chair of AU Communications and ICT Committee
    October 29, 2026
    AVAS 2026: Accra to Drive Africa’s Tokenisation Agenda
    October 28, 2026
    Yellow Card wins Gold in Diamond category at 2026 Money Awards
    October 27, 2026
    Dorcas Affo-Toffey engages Ceris Technologies on port digitalisation, cybersecurity
    October 22, 2026
    BoG Governor urges IMF to boost Africa’s AI and digital capabilities
    October 14, 2026
  • International
    InternationalShow More
    Social Fest: Chef Abby urges content creators to build influence beyond social media numbers
    November 14, 2026
    Ghana must build productive strength to withstand global pressures – Finance Minister
    November 12, 2026
    Chef Abbys arrives in US ahead of Social Fest Texas
    November 12, 2026
    Ghana turns to Ben Crump to seek justice for citizens killed in US at no cost
    November 11, 2026
    Jospong champions African-led climate solutions at COP31
    November 10, 2026
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: Leave LBCs alone – farmers fume at COCOBOD
Share
Notification Show More
Font ResizerAa
Starr FMStarr FM
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
BusinessGeneral

Leave LBCs alone – farmers fume at COCOBOD

Starrfm.com.gh
By
Starrfm.com.gh
Published: December 5, 2019
Share
Joseph Boahen Aidoo, COCOBOD CEO interacting with the farmers
SHARE

Some Cocoa farmers have warned Ghana Cocoa Board (COCOBOD) to stay away from Licensing Buying Companies across the country following a directive by COCOBOD to LBCs to desist from providing some incentives to farmers.

Days ago, COCOBOD announced it has noted with concern that some LBCs are engaged in unethical practices in the internal marketing of cocoa.

According to the board, in a recent release, such practices which involved the payment of spot premiums and other forms of inducements were offensive to the regulations and guidelines for the internal marketing of cocoa.

The statement said; “We wish to reiterate our directive of 24th January, 2019, that payment of any form of inducements to cocoa farmers at the point of sale is unethical and must stop forthwith. LBC’s must refrain from any form of advertisement soliciting for cocoa from producers for premium payments on the spot or at a later date.

“Premium payments can be made after the closing of the season to only cocoa farmers who registered and participated in certification/sustainability projects before the start of the cocoa season. “No LBC shall purchase conventional cocoa and declare same as special unless with written prior approval by COCOBOD and restricted to a specific location.”
It mentioned that it had begun consultations to reform the regulation for the production and marketing of certified/sustainable cocoa, adding that the final decision on the operation of certified/traceable cocoa projects shall be communicated to all stakeholders in due course.

“All LBCs are reminded that COCOBOD management shall evoke the applicable sanctions on violations of the above directive.”

Speaking on the development, 2011 National Best Farmer Agbo Ignatius expressed disappointment over such directive adding, each LBC has a method of dealing with farmers.
According to him, the LBCs practices in the internal marketing of cocoa are part of motivation which must be allowed to encourage farmers to do more. He told Agoo fm’s Obaahemaa Yaa Mirekua that, COCOBOD must take their concern into consideration and ensure their directive is cancelled as soon as possible.

National President for Concerned Farmers Association Nana Oboadie Opambour Bonsu III said cocoa farmers are not treated fairly and urged the farmers to add value to what they do for a living.

He backed the farmers saying there is nothing wrong if farmers are being supported or motivated by these LBCs.

Source: Agoo FM

Panafrican Capital lands in Ghana
Sibton Switch appoints new CEO
Stop decision to build mortuary at Weija Leprosarium – Fr Campbell
Cleric, 60, arrested for sodomy in Bimbilla
#FixtheCountry: Court dismisses objections against AG’s capacity
Share This Article
Facebook Email Print
Share
Previous Article India woman set on fire on her way to rape case hearing
Next Article Betway rewards loyal players through Christmas wishlist

Starr 103.5FM

Starr FMStarr FM
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!
Subscribe to our newsletter and never miss our latest in news, podcasts etc..

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?