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    Accra, GHANA: A woman holds 03 July 2007 in Accra a wad new currency, the new cedi, that Ghana put in circulation that day, although the old money will still be valid until the end of the year. Currently, the cedi is one of the least valued currencies in Africa: 9000 cedis equal one US dollar.   Ernest Addison, head of research at the Bank of Ghana, assured in November 2006 that the changeover was not a revaluation nor devaluation, and will not affect foreign exchange.  AFP PHOTO / ISSOUF SANOGO (Photo credit should read ISSOUF SANOGO/AFP/Getty Images)

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    VEPEAG, GAVEX partner to boost vegetable production, exports in Ghana

    VADUG members resist implementation of Customs Amendment Act

    Cost of credit to further go up as Bank of Ghana raises policy rate to 22%

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    MTN Ghana introduces voucher distribution denomination change to prevent price disparity

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    Accra, GHANA: A woman holds 03 July 2007 in Accra a wad new currency, the new cedi, that Ghana put in circulation that day, although the old money will still be valid until the end of the year. Currently, the cedi is one of the least valued currencies in Africa: 9000 cedis equal one US dollar.   Ernest Addison, head of research at the Bank of Ghana, assured in November 2006 that the changeover was not a revaluation nor devaluation, and will not affect foreign exchange.  AFP PHOTO / ISSOUF SANOGO (Photo credit should read ISSOUF SANOGO/AFP/Getty Images)

    Local currency crosses ¢10 to one dollar mark on retail market

    VEPEAG, GAVEX partner to boost vegetable production, exports in Ghana

    VADUG members resist implementation of Customs Amendment Act

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Cost of credit to further go up as Bank of Ghana raises policy rate to 22%

    PURC justifies upward review of utility tariffs

    Emergency MPC meeting: Goldman Sachs projects 200 basis points hike in policy rate

    MTN Ghana introduces voucher distribution denomination change to prevent price disparity

    BoG, UG partner to improve research in Ghana’s financial sector

  • Business
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    VEPEAG, GAVEX partner to boost vegetable production, exports in Ghana

    VADUG members resist implementation of Customs Amendment Act

    Cost of credit to further go up as Bank of Ghana raises policy rate to 22%

    Emergency MPC meeting: Goldman Sachs projects 200 basis points hike in policy rate

    MTN Ghana introduces voucher distribution denomination change to prevent price disparity

    BoG, UG partner to improve research in Ghana’s financial sector

    BoG, EOCO deepen collaboration to build robust financial sector

    Cedi Depreciation: Government urged to enforce laws on pricing in dollars

    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

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    MTN Ghana introduces voucher distribution denomination change to prevent price disparity

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    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

    PayAngel joins Microsoft for Startups Founders Hub

    Node 8, HTU hold first edition of Node X in Ho

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    • Asia
    • Europe
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    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

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COCOBOD denies using vegetable oil to control pests

bycitibusinessnews
April 3, 2019
in Government, Local Economy, Top Stories
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The Quality Control Company Limited (QCC) of COCOBOD has dismissed claims that it used vegetable oil for pest control on some cocoa farms.

There were media reports suggesting that the company has bought off-the-shelf vegetable oil at an overpriced cost compared to what is commonly found in local shops.

But a statement issued by the Ghana COCOBOD which has supervisory role over the QCC said the assertions are untrue.

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“QCC a subsidiary of the Ghana Cocoa Board (COCOBOD), is to ensure that all parcels of cocoa delivered both to the local and international markets are of premium grade and free from pests. It is in the exercise of this mandate, particularly, with respect to pest control, that the company purchased Biodiesel early this year – which is made from vegetable oil that has been transformed through chemical processes. Infestation of cocoa by pests is controlled through disinfestation activities carried out by QCC using evaluated and approved insecticides,” the statement said.

The QCC further maintained that it is cautious about the health of consumers hence will not jeopardize the system to reduce the quality of cocoa beans produced in Ghana.

“One category of these insecticides is Ultra Low Volume (ULV) insecticides which normally are available in concentrated forms and have to be diluted using appropriate oil-based diluents (a diluting agent or thinner) prior to its application on cocoa farms. In the past QCC was using mineral oils in diluting ULV insecticides for disinfestation operations. However, in compliance with International Food Safety Regulations, the Company is now employing the use of biodiesel (made from vegetable oil) as a diluent for the ULV insecticides currently in use and those being evaluated.”

It added, “ It is important to know that, even some vegetable oils (i.e. oils from seeds of certain plants) are not good for human consumption but may have economic benefits, for example, cottonseed oil and rapeseed oil. In this regard, not all vegetable oils are edible vegetable cooking oils. Furthermore, in compliance with International Standards, QCC procures all its insecticides from companies whose products have been evaluated and approved by its research laboratory. We wish to state that Freight Accord Limited was one of three (3) companies QCC sole-sourced to supply this type of oil. We take this opportunity to remind Ghanaians of the honorable reputation that the nation’s cocoa has internationally, as being of the very best quality compared to those produced in other countries.”

Again, the statement noted, “To make biodiesel, vegetable oils have to be transformed through hydrolysis and further subjected to transesterification. This results in the production of Fatty Acid Methyl Esters (FAME) commonly referred to as biodiesel or industrial oil. We wish to make it clear to the public that biodiesel, also called industrial oil, is very different from our everyday off-the-shelf vegetable cooking oil. Although biodiesel (industrial oil) is made from vegetable oil, it is not vegetable cooking oil. It is completely different from vegetable cooking oil because it is not for edible purposes and therefore, cannot be found on the shelves of markets across the country.”

–

Credit: Public Affairs Department, Ghana Cocoa Board

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