KAY

Ghanaian 🇬🇭/Football fun/Chelsea fun/loves healthy conversation

[KAY @BraQwam]

@_onlyscott Argentina 🇦🇷

[KAY @BraQwam]

@charllycolegh This was under Npp government when bloggers were paid to cause traffic on the internet when dollar saw depreciation from 17gh to 16gh

[Fabrizio Romano @FabrizioRomano]

🚨 Pep Guardiola: "If we play like the second-half against Arsenal at Wembley and they play like their second-half during 95 minutes, we are going to win”.

“Well, maybe not, because football is unpredictable. But we will be closer. That is what we want...”.

[KAY @BraQwam]

@AfenyoMarkin @NPP_GH Now with exclamation marks paaa 🤔, you think your party is blood tonic anaa?

[KAY @BraQwam]

@JohnDarko123 It’s only politics that makes grown ups lose their common sense on issues

[KAY @BraQwam]

@mylo_melo Price reduction is now scandal in Ghanaian politics 🤔, sometimes you are tempted not say more 🤐

[KAY @BraQwam]

@DashelleAdu The one the omanhene cried in public anaaa 😂😂😂😂

[KAY @BraQwam]

@tv3_ghana On the unlikely event and Dr Bawumia wins this are the people going to be heading government institutions, giving advice to Bawumia 🤔, apuuu

[KAY @BraQwam]

@DennisMiracles It’s good that under your Npp’s poor governance, you can now use words like “haircut”comfortably without shame

[KAY @BraQwam]

@KokuAnyidoho We are patiently waiting man of God.

[KAY @BraQwam]

@DennisMiracles So badly want to equalize the NDC to the bad governance of the Npp, chairman slow down cos you can’t use this tactics to win the middle class.

[KAY @BraQwam]

@NanaKwame_off At least he don’t wear white gowns to inflict pain on the ordinary Ghanaian, your finance minister is rotten in other country’s prisons

[KAY @BraQwam]

@kofitonto The cocoa farmer is better of under Mahama than under Nana Addo.

[KAY @BraQwam]

@kofitonto Under Akufo-Addo, the farmer can buy 258 gallons of oil at 1200gh, 387bags of 50kg rice at 800gh. Under Mahama, the farmer is better off with the little he’s getting, if he decides to spend all money on oil he’s getting 497gallons at 520gh, 517bags of rice at 500gh

[KAY @BraQwam]

@ForTheRecordsGh Some of you Npp bots 🤖 have comprehension deficiency, which loan has the current government contracted solely for cocoa purchases?

[KAY @BraQwam]

@KozieOzie With inflation at 54%, exchange rate at 17gh to dollar. Was it not true your government was cheating the cocoa farmer then?

[KAY @BraQwam]

@Gen_Buhari_ Add the inflationary rate of those years too and it will make clear sense

[KAY @BraQwam]

@DrJJZaato Because of politics you are losing over decades reputation built in the classroom and you don’t see anything wrong about it.

[Felix Kwakye Ofosu @FelixKwakyeOfo1]

Minister for Finance discloses the CAUSES OF THE SITUATION in the Cocoa sector as follows.

The current situation is largely driven by the unwillingness of buyers to purchase Ghana’s cocoa because it has become uncompetitive.

Cocoa from other producing countries is now selling at prices, significantly lower than the producer price of Ghana.

Meanwhile, COCOBOD did not have the liquidity to purchase cocoa from farmers and stock for hedging or other trading decisions. This was due to the financing model invented in 2024/25 when the syndicated loan failed. Under that model, the buyers (off-takers) financed the purchases.

By 2022, COCOBOD's finances had deteriorated badly. It defaulted and restructured the Cocoa Bills in 2023.

For the first time, in 2023, the annual syndication suffered significant delays due to loss of confidence in the Ghanaian economy. The first tranche was received on 22nd December 2023, four months after the commencement of the season.

COCOBOD projected an output of 800,000 tonnes, and committed 786,672 tonnes in contracts in the 2023/24 crop season. However, actual production was 432,145 tonnes, a deviation of 45% from the projected output.

Variations in crop forecasts typically vary between 5% to 15%. Hence, a deviation of 45% was unprecedented. This resulted in huge rollover contracts of 333,767 tonnes at an average price of US$2,661 per tonne.

This resulted in a loss of over US$1 billion which would have gone to cocoa farmers and other stakeholders.

In 2024, COCOBOD could not pay the final tranche of the syndicated loan which was due in July 2024, and received a US$70 million bridge financing from the Ministry of Finance to avert a default.

Despite a commitment to repay the US$70 million bridge finance owed to the Ministry of Finance, COCOBOD defaulted, highlighting the dire financial straits of the organization at the time. This debt has since been inherited by the current management of COCOBOD.

[KAY @BraQwam]

@Gen_Buhari_ @abbeyrandy No this is wat happens when you have a listen government unlike your government who will impose unnecessary taxes ( e-levy, Covid-19 levy, betting tax) at a time the people were crying of hardship. Your useless government was adamant to impose those taxes and even celebrated it.