The Ghanaian Minister of Finance, Dr. Mohammed Amin Adam, has disclosed that the government will use both the syndicated loan and other sources to finance purchase of cocoa beans for the 2024/2025 season.

This is contrary to the earlier announcement by the CEO of Ghana’s cocoa regulator, Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, that the regulator will in the first time in 32 years source the funds for the purchase of the beans locally.

The Minority in Parliament had questioned the decision, accusing COCOBOD of being economical with the truth on the real reasons behind the decision.

WADR’s Naa Dedei Tettey reports.