
Audio By Carbonatix
The Ghana Cooperative Marketing Association has retrieved over 80 percent of its assets, mostly cocoa sheds which were occupied by competitors.Government restored the association’s cocoa buying licence in 2006 and directed the COCOBOD to release all confiscated assets to the group.The Association bounced back to participate in the 2008 light crop season to compete with other Licensed Buying Companies (LBCs). But the farmer-based group has had to deal with high cost of renting storage facilities, while its cocoa sheds were occupied by competitors.General Manager, Anthony Yaw Yeboah tells Luv FM the group is now better positioned to compete in the internal cocoa trade as most of the sheds have been retrieved.He however says “some of the tenants are proving to be recalcitrant. They don’t want to go away despite the fact that they all agree the assets have been returned to us. And because we don’t want to meet them with any violent behavior, some of them who are not cooperating will be taking to court”.The GCMA has already filed suits against some LBCs and individuals occupying the sheds, whilst negotiating with others to pay rent.Mr. Yeboah is excited most cocoa farmers are returning to the GCMA fold. The group was involved in the payment of bonuses to cocoa farmers.The GCMA was established by the country’s peasant farmers in 1928 and has in years past controlled over 40 percent of Ghana’s total cocoa purchases.Story by Kofi Adu Domfeh
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Anti-LGBTQ+ Bill: Ghanaians demand expedited passage, not dialogue – Ntim Fordjour to Mahama
48 seconds -
EU airline industry warns of fuel shortages if Strait of Hormuz stays closed
4 minutes -
White House staff told not to place bets on prediction markets
11 minutes -
Auctioneers petition Prez Mahama over ‘interference’ in public auctions
18 minutes -
GEA, Mastercard Foundation drive market access for MSMEs at Kwahu Business Forum
20 minutes -
Education Ministry begins review of Ghana Library Authority law
29 minutes -
Ghana U-15 girls clinch back-to-back CAF Schools titles
34 minutes -
Rev. Ntim Fordjour urges Mahama to issue directive to fast-track anti-LGBTQ+ bill
35 minutes -
GPL 2025/26: Stoppage-time penalty hands Aduana FC win over leaders GoldStars
38 minutes -
Ntim Fordjour rejects call for more dialogue, says anti-LGBTQ+ bill has faced a decade of debate and delay
40 minutes -
Catholic Bishops say moral values must match economic priorities in Anti-LGBTQ+ debate
1 hour -
IGP Yohuno urges merit and hard work ahead of Police Academy exams
1 hour -
Queendalyn Yurglee releases debut album ‘Clouds of Glory’
2 hours -
UDS moves to clear MPhil student wrongly linked to robbery case
2 hours -
Vodza Regatta 2026: Prof Audrey Gadzekpo rallies investors for coastal tourism growth
2 hours