Gov’t to launch Cocoa Pension scheme

The Chief Executive Officer for Ghana COCOBOD, Joseph Boahen Aidoo, has hinted that government will in October this year launch the most anticipated Cocoa Pension Scheme.

This, Mr. Boahen Aidoo explained is in fulfillment of a manifesto promise President Nana Akufo-Addo made during the 2016 electioneering period. He told journalists in the Western Region that the necessary arrangements have been completed to ensure a smooth operation of the scheme.

Mr. Boahen Aidoo added that the only outstanding issue is with a background investigation of the Trustees for the scheme, adding that “the Criminal Investigations Department of the Ghana Police Service, is almost done with their work”



“It is something which is going to give some security to our farmers. Just as we have workers pension, we also want to have a pension scheme for our farmers. And it was part of the NPP’s manifesto in 2016.

Mr. Boahen Aidoo contends that the idea of providing this pension scheme for cocoa farmers has been plagiarized by the National Democratic Congress (NDC) in their 2020 manifesto. He concluded that it’s rather late for them to propose this security for the farmers, as the Akufo-Addo government has advanced work on this.

Mr Boahen Aidoo further disclosed that the current administration have had to suspend works on major road projects particularly those that were supervised by the Ghana Highways Authority, due to some financial and contractual lapses.

He said most of these contracts after an audit were repackaged and re-awarded to contractors to execute. He mentioned that it was necessary and in the interest of the Ghanaian people, as they wanted to guarantee value for money.

Source:Starrfm.com.gh