• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, September 2, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Business, Vaultz Business

Smuggling of Cocoa Advances To The National Capital, COCOBOD Intercepts 1500 Bags Being Smuggled

Maynard Championby Maynard Champion
March 20, 2023
Reading Time: 4 mins read
Add as Preferred on Google
Cocoa smuggled out of Ghana on the rampancy

Cocoa smuggled out of Ghana on the rampancy

Smuggling of cocoa beans to neighboring countries has advanced from an activity dominant among border towns to the national capital, Accra.

According to Fiifi Boafo, Head of Public Affairs at COCOBOD, the illegal activity has become widespread that, even foreigners are engaged in it. This, he attributed to the strengthening of the cfa of Côte d’Ivoire.

“You will realize that it has gone beyond the border towns where now we have people even in Accra. They package it together and try to smuggle it out but the challenge now is that we even see foreigners, who are now involved in this business. So they come, they get the cocoa, and then they package it into different sacks which ordinarily, you will not assume that the content is even cocoa and they get it out of town into our neighboring countries.

“So that’s the challenge we are facing now. Of course, we’ve been able to make arrest just this March, about 1500 bags, which is about 93-94 metric tons and that is about over $200,000 worth of cocoa.”

Fiifi Boafo
92167743
Fiifi Boafo, Head of Public Affairs at Ghana COCOBOD

The revelation comes on the back of the retrieval of 1500 bags of cocoa by the Anti-Smuggling Taskforce of Ghana COCOBOD. The statistics have revealed that Ghana’s cocoa exports dropped from a million bags in 2020/2021 to 600,000 bags last year, 2022.

The cocoa industry has experienced a myriad of challenges in past years and fears are that smugglers would worsen the shortfall in the current crop year if not nipped in the bud.

ADVERTISEMENT

The level of smuggling is so serious that some districts, particularly, in the Western North region, are not reporting any proper purchases. It is reported that people are paying the farmers, but they are not sending the cocoa to the right place. For instance, people pay 800cedis for a bag of cocoa and then move on to sell it in Côte d’Ivoire because of the relative strength of the cfa.

cocoabags
The smuggling of cocoa in Ghana is so serious that it affects the purchases reports of some districts

“Past 5-6 years, Ghana has had better price than these neighboring countries but the cfa’s strength this year has given these smugglers the window they are dashing into. Yes, they will buy it 800 cedis from the farmer, so the farmer is not getting anything extra and then they take it across the borders…”

Fiifi Boafo

Ghana, in partnership with other countries to fight the smuggling of cocoa

This being the case, Fiifi Boafo indicated that Ghana is collaborating with her neighboring countries to fight the smuggling maniacs.

“The Ivoirians when they [the smugglers] started, drew our attention to it that they have realized that there are some people who are taking these cocoa from Ghana to Côte d’Ivoire. So yes, we are collaborating with them. Apart from that, we do not have that strong relationship with Togo; so that relationship doesn’t help much. But because of the relationship we have with Côte d’Ivoire, we are counting on [it] even though it does not yield the results we are looking for.

“One of the things we are also doing now, at least to ensure that the people, who when they see this will report to us is that; so for example, if you see someone who has loaded a truck with load or has cocoa moving from Ghana to Côte d’Ivoire, the value of that cocoa, [is then], given to the persons who report to the security agencies, who arrest them.”

Fiifi Boafo
71039642
1500 bags of cocoa recently retrieved by the Anti-Smuggling taskforce

This, he said has incentivized people, as they are now willing and ready to immediately come out and provide the necessary details of smugglers they sight, who are then arrested by security agencies reported to.

READ ALSO: Ken Ofori-Atta Leaves For China To Discuss Debt Restructuring With Officials

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: AccraCOCOBOD Anti-Smuggling TaskforceCôte d'IvoireFiifi BoafoghanaGhana COCOBOD
Please login to join discussion
Previous Post

Swiss Rival Bank, UBS Rescues Credit Suisse In a Government-Backed Deal

Next Post

Kejetia Market Fire: Govt Pledges To Support Affected Traders

Related Posts

Group photo of representatives of Government of Ghana, the Ghana National Petroleum Corporation (GNPC), Shell Overseas Holdings Limited and Chevron Sub-Saharan Africa Ventures Ltd taken after the signing of the MoU at the Africa Oil Week 2026
Extractives/Energy

Ghana Advances New South Deepwater Tano Exploration Deal

September 2, 2026
c653427b 444f 4b06 beb3 9279ccf7fa69
Agribusiness

COCOBOD Pays GH¢2.68bn to Complete 2026 DDEP Obligations, Clears GH¢162m Cocoa Bills

September 1, 2026
Africa Oil Week 2026
Extractives/Energy

Ghana Pitches Responsible Investment At AOW 2026

September 1, 2026
Group photo from the event
Extractives/Energy

Ghana Seeks Greater African Value From Energy Investment

September 1, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

United Nations Environment Programme (UNEP)

Global Temperatures Set to Breach 1.5°C Threshold, UNEP Warns

September 2, 2026
Group photo of representatives of Government of Ghana, the Ghana National Petroleum Corporation (GNPC), Shell Overseas Holdings Limited and Chevron Sub-Saharan Africa Ventures Ltd taken after the signing of the MoU at the Africa Oil Week 2026

Ghana Advances New South Deepwater Tano Exploration Deal

September 2, 2026
image 23

Mudryk Joins Tottenham on Loan as Danso and Sarr Depart

September 1, 2026
image 22

Manchester City Complete Ndiaye Signing Few Hours To Transfer Window Closure

September 1, 2026
Mahama follows proceedings through headphones during the summit, marking Ghana's continued place among the Non-Aligned Movement's founding members.

Mahama Demands End to Cuba Embargo, Justice for Sudan and Gaza

September 1, 2026
ADVERTISEMENT
Next Post
Bawumia In Kejetia Market

Kejetia Market Fire: Govt Pledges To Support Affected Traders

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.