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    BoG cautions against use of Ghana Cedi for bouquets and hampers

    CUTS International pushes for passage of Competition bill

    DBG partners UGBS to deepen development finance

    GH¢5.5bn approved by Parliament not only for Blackshield customers – SEC

    BoG assures of enhanced educational campaigns to ensure proper handling of local currency

    Youth in Accountable Governance calls for passage of outstanding revenue bills

    GRA reiterates calls for businesses to embrace  E-VAT

    IES predicts drop in fuel prices from April 1

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    Bank of Ghana increases Monetary Policy rate to 29.5%

    Industry experts convene to discuss diversification strategies for pension funds

    It’s time to give women top posts in multilateral institutions – GCBL Chairman 

    Global Chamber of business leaders enters into partnership with IEFS

    Gold for Oil policy will save Ghana $4.8bn annually – Veep

    Energy Minister scheduled to speak on Ghana’s near-term opportunities at NAEPEC 2023

    Standard Chartered appoints Ebenezer Twum Asante as Chairman of Board of Directors

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    Huawei Equips 500 Traders in FinTech

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    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

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    5 important things to know about the African Continental Free Trade Area agreement

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COCOBOD to secure electronic weighing scales to stop LBCs from cheating farmers

byLawrence Segbefia
August 5, 2020
in Agribusiness, Top Stories
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The Ghana COCOBOD says it is importing electronic weighing scales for Cocoa License Buying companies to prevent the tampering of machines by Licensed Buying Companies to cheat cocoa farmers.

The decision was arrived at after COCOBOD in collaboration with the Ghana Standards Authority followed up on a Joy News report on how some Licensed Buying Companies adjusted their scales to cheat cocoa farmers.

Addressing a press conference, the Deputy Chief Executive in Charge of Operations at COCOBOD, Dr. Emmanuel Opoku, said two strategic moves have been adopted by the regulator of the Cocoa sector to halt the practice where farmers are shortchanged.

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“The reform or preventive measure involves the introduction of GSA recommended electronic sealable weighing scales which meet a set of tamper-proof standards – so that scale adjustments will be a thing of the past. To provide the needed guidance and ensure the smooth roll out of this reform, the decision has been taken to import the electronic sealable weighing scales, starting this year, and distribute them at a cost to the LBCs,” he said.

Dr. Opoku added that COCOBOD is considering further punitive actions in addition to sanctions against the Licensed Buying Companies engaged in the cheating.

“COCOBOD has put in place a punitive measure to surcharge any defaulting LBC with the monetary equivalent of the aggregated weight from cocoa sheds across the country that the LBC in question may have short-changed the unsuspecting farmers, once GSA confirms adjustment of such weighing scales,” he added.

He further noted that continuous monitoring and policing will be necessary to ensure the effective implementation of such a measure to eliminate a systemic problem.

“The work of the media in shining light on the situation and improvement as we progress, as well as the vigilance of our field staff and the cocoa farmers themselves, will together play a crucial role in eliminating this cocoa canker. We are also confident that COCOBOD’s Farmer Data/Cocoa Information Management System, which is underway, when ready will improve overall monitoring of the supply chain including purchasing, weighing and grading of cocoa, enhance records keeping, allow the early detection and flagging of inconsistencies and anomalies in records and ease traceability. Detected issues can then be promptly addressed,”he added.

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