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President John Dramani Mahama has recognised the shortcomings in Ghana's initiatives to secure enduring funding for the cocoa industry and enhance the Ghana Cocoa Board (COCOBOD).
He described these issues as lessons in accountability rather than instances of blame.
During a speech on Wednesday, February 11, the President confessed that difficulties in overseeing state-owned enterprises have hampered their efficiency.
“We failed to raise sustainable funding for cocoa and COCOBOD's capacity to syndicate effectively. These are not points of blame, but lessons in responsibility,” he stated.
He also commented that governance shortcomings, political interference, and poor financial discipline have diminished the credibility of institutions that were once cornerstones of stability.
“Our management of state-owned enterprises has at times been inconsistent. Weak governance structures, political meddling, and insufficient financial discipline have undermined institutions that were once engines of stability and credibility,” Mahama noted.
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