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A five-member Audit Committee has been inaugurated for the Ghana Cocoa Board (COCOBOD) to ensure adherence to public financial management regulations.

The committee was inaugurated in accordance with the Public Finance Management Act 2016 by the Chief Executive, Mr Joseph Boahen Aidoo on behalf of the Chairman of the Board of Directors, Mr Hackman Owusu Agyemang.

It is to oversee the management of financial resources of the Board in line with financial management regulations governing state institutions.

The finance minister Ken Ofori-Atta is expected at the Supreme Court today, March 29, 2018 over the “infamous” $2.25 billion Eurobond.

Mr Ofori-Atta was dragged together with the Commission on Human Right and Administrative Justice (CHRAJ) and the Attorney General by the Dynamic Youth Movement of Ghana (DYMOG).

Last year, the minister announced the successful issuance of 15 and seven years’ bond with the coupon rate of 19.5%, raising a total of $1.13 billion.

Government has announced plans to erect a statue in of honour Tetteh Quarshie, the man accredited for bringing cocoa to Ghana. It is likely the statute will be erected at the Tetteh Quarshie Roundabout in Accra.

Addressing family members of Tetteh Quarshie who called on him at the Flagstaff House, President Akufo-Addo said the country must honour its heroes to encourage the younger generation.

According to the President, erecting a statue in honour of Tetteh Quarshie is to recognise his enormous contribution to Ghana’s economy.