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COCOBOD CEO defends forward sales strategy for Cocoa sector growth and sustainability

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Joseph Boahen Aidoo, the Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), has emphasized the importance of the forward sales strategy for the growth and sustainability of the cocoa sector. His remarks come in response to calls from some Civil Society Organizations urging COCOBOD to review its forward sales system amidst rising market prices. In an interview with Joy Business following visits to farms in the Western and Central regions, Mr. Boahen Aidoo explained that forward sales are a deliberate strategy aimed at mitigating price risks and managing stock. "I am not ruling out spot sales, but it is...
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