President John Dramani Mahama has acknowledged shortcomings in Ghana’s efforts to secure sustainable funding for the cocoa sector and strengthen the Ghana Cocoa Board (COCOBOD), describing them as lessons in responsibility rather than points of blame.
Speaking on Wednesday, February 11, the President admitted that challenges in managing state‑owned enterprises have undermined their effectiveness.
“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 said.
He further noted that governance lapses, political interference, and weak financial discipline have eroded the credibility of institutions that were once pillars of stability.
“Our handling of state‑owned enterprises has at times been uneven. Weak governance frameworks, political interference, and inadequate financial discipline have undermined institutions that were once engines of stability and credibility,” Mahama added.
