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Thursday, August 11, 2022
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    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    Our cars to sell for cheaper soon- locally assembled automobile companies

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    Ghana’s inflation rate rises again; hits 31.7% in July 2022

    Fitch downgrades Ghana’s credit rating from B- to CCC

    Ghana Mines Workers’ Union threatens industrial action

    Farmerline begins ‘Support a Farmer’ initiative to provide fertilizer to farmers

    Ghana likely to secure US$3 billion from IMF for economic support

    Tax incentive for young entrepreneurs-opportunities and challenges

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    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

    WAPCo commits to cleaner and reliable energy

    Government eyeing GH¢750m with new E-VAT policy

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    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    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

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

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    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 to introduce electronic scales to prevent LBCs from tampering with weighing devices

byMinna Dablu
August 11, 2021
in News, Top Stories
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The Ghana Cocoa Board (COCOBOD) says it will, in the coming months, introduce digital scales for weighing cocoa beans in Ghana.

This move according to COCOBOD will curb the practice where Licensed Buying Companies (LBCs) and Purchasing Clerks (PCs) adjust their scales to cheat cocoa farmers.

“The decision to introduce the electronic scale was to deal with the problem we have identified whereby Licensed Buying agents were tampering with the scales they were using and putting the farmers at a disadvantaged position. In fact, the chief executive went round the country and also stopped at some stations and realized that they had tampered with the scales. Beginning the new cocoa season, all Licensed Buying Companies will be compelled or will be obliged to use these electronic scales which they will not have the opportunity to tamper with,” Head of Public Affairs at COCOBOD, Fiifi Boafo told Citi Business News.

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Ghana is one of the world leaders in Cocoa production, but farmers, who grow the crop, face some challenges in their daily work.

Apart from challenges with pricing of the beans on the international market, which directly affect the farmers, they have also been victims of the practice of scale adjustments.

With the new initiative, all cocoa farmers in the country will be registered and issued with cards that will enable them to sell their cocoa beans in the country and earn the true worth of their produce.

Mr. Boafo added that the move was necessary because punishment, meted out to perpetrators, were not hash enough to deter them from the practice.

“If you look at the law about the weighing scales by the Standards Authority, there is a punishment regime.  Indeed, in instances where people cheating farmers are caught, the Standards Authority has applied the sanctions, but we were of the view that the punishment wasn’t punitive enough, so some felt emboldened to continue with that practice, so we had to take a step further which will rather stop the act from taking place before you even talk about going to apply sanctions,” he explained.

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