The Ghana Cocoa Board (COCOBOD) has announced that it has stopped the payment of Board Fees and Inconvenience Allowances.
The development follows the implementation of a new remuneration regime by the Ministry of Finance.
Board Members of COCOBOD used to receive a taxable amount of GHS 1,500 for offsite meetings.
But in a statement dated April 25, 2022, the management of COCOBOD said it had observed with worry the continuous discussion of a portion of the 2018 Auditor General’s report by the Member of Parliament (MP) for North Tongu, Samuel Okudzeto Ablakwa, in the media and subsequent reportage on his commentary.
Mr Ablakwa had in a Facebook post on April 12, 2022, raised concerns about the allowances that were paid to board members of COCCOBOD even though the company made losses.
“Take the Ghana Cocoa Board which somehow managed to make massive losses of GH¢320.6million in the 2019 financial year; strangely, its Board of Directors have decided to pay themselves: Board of Directors Fees, Sitting Allowances, Inconvenience Allowances and Overnight Allowances,” he posted.
“Why should it ever be an inconvenience to be called to serve your country? Should that not be the greatest honour? In any case, who put a gun to anybody’s head to accept an appointment to the Ghana Cocoa Board? Also, what animal is Overnight Allowance?”.