A comprehensive value for money audit of the country's Cocoa roads Projects is underway to assess the financial obligation of the projects to government and ensure value for money, Minister for Food and Agriculture, Dr. Owusu Afriyie Akoto, has said.
Though an amount of GH¢1.6 billion was approved for the construction of cocoa roads across the country, more than GH¢5billion worth of contracts were signed with various companies for the execution of the project funded by the Ghana Cocoa Board (COCOBOD).
Dr. Akoto said: “For cocoa roads, the previous administration approved a budget for GH¢1.6 billion, but when we took over, we realized that they signed contracts worth nearly GH¢5 billion. It just beats your imagination. This is just one piece of evidence that I'm giving you about mismanagement.
“A budget has been approved by management to follow and then the board sits and oversees the quadrupling of what they themselves have set as ceiling. This is unthinkable and the cause of all the financial challenges Ghana Cocoa Board (COCOBOD) is facing now,” he said.