“NPP left $500million in COCOBOD’s account” – Miracles Aboagye

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Makay
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Miracles Aboagye

Miracles Aboagye, an aide to the NPP flagbearer, Dr Mahamudu Bawumia, has alleged that the former managers of COCOBOD under the NPP left $500million in Ghana’s International Bank account in London.

According to Miracles Aboagye, the COCOBOD CEO, Dr Randy Abbey is trying to deflect the blame so they are left with no choice but to expose him.

The NPP man further detailed that in the first 4 months of 2025, COCOBOD ‘s revenue, according to the Budget, was $1.8billion, which he questioned that money was not the work of the NDC.

Speaking on Asempa FM, Miracles Aboagye boldly stated, “You didn’t sell the cocoa that you had to sell them, we all get that and could help, but if you try to turn it around and deflect the conversation by pinning it on the previous government, we will expose you.

I am saying, we left in the COCOBOD account, $500million cash sitting in the Ghana International Bank account in London for Randy; he should come and deny it”.

Miracles Aboagye added, “First two months in 2025, COCOBOD revenue, which was stated in the Budget reported by the NDC Finance Minister, $1.8 billion, is that money the work of the NDC?”

“So when you come, and you are telling the people that we owe 32 billion cedis and we will do this, we will do that, you are creating an expression that it is because of that you cannot pay workers”.

Miracles Aboagye further alleged that Randy Abbey has purchased 110 pickups, 10 Land Cruisers and also renovated the COCOBOD CEO’s house in Cantonment were he lives like an Arabian King, at the time he claims the cocoa buying company is bankrupt.

“If you owe 32 billion cedis, but you are able to buy 110 pickups, you can also purchase Land Cruisers, about 10 of them, and the COCOBOD CEO’s house in Cantonment, December 2, 2024. I went to the house, OB. You are a senior journalist, I am sure you have been there for the event, it is one of the best houses you can find in Cantonment.

When you came, you took the claimed bankrupt COCOBOD money for renovation, and you have made the house like an Arabian King’s Palace, but you are saying there are debts and have now reduced the cocoa farmers’ money”, Miracles Aboagye claimed.

Also, Justin Frimpong Kodua, the General Secretary of the New Patriotic Party (NPP), has slammed the John Mahama-led government over Ghana’s cocoa sector crisis.

The NPP General Secretary stressed that it is  “absurd” and “untenable” for the NDC government to blame its shortfall in the cocoa sector on the NPP.

According to Justin Kodua, the NDC government is lost in the ocean, and debunked claims that the previous New Patriotic Party (NPP) administration mismanaged the sector.

 He detailed that the decision by the NDC government to reduce the price of cocoa from GH₵3,625 to GH₵2,587 explains how the government is lost in the ocean.

Speaking on the issue of cocoa pricing on TV3 on Friday, February 13, 2026, Kodua explained, “Well, it would be totally absurd, repugnant, and unconscionable on the part of the NDC government to label any blame against the New Patriotic Party for their incompetence. At least they have been in government for over a year now, and when they took over the realm of affairs, they were mindful of the state of the economy”

“In 2025, the cocoa price was around GH₵3,100 per bag, and somewhere during July, they increased it to GH₵3,600. So, when they increased the cocoa price, they didn’t accuse the previous government of mismanagement, of having destroyed the cocoa sector.

He argued, “If the sector was destroyed, how were you able to increase the cocoa price? So, that accusation that they are trying to label against the New Patriotic Party is untenable”.

“If you want to understand the real cause of where we are as a government, as a party, and as a country, then people will also appreciate that, indeed, the decision by the NDC government to reduce the price from GH₵3,625 to GH₵2,587 explains how the government is lost in the ocean,” Kodua noted.

The NPP General Secretary added, “This issue about the crisis started somewhere in October, when cocoa farmers, after they had cultivated their produce, had to sell it to people referred to as purchasing clerks. In some instances where the purchasing clerks don’t have money, they take the cocoa bags under the terms and agreement that they are going to pay the cocoa farmers X amount, which at that time was GH₵3,600.

“At that point, the farmer never anticipated that a day would come when the government would come back and tell the cocoa farmer that it had reduced the price which had been agreed between the purchasing clerk and the farmer… At what point did the government get to know that there were serious issues in the cocoa sector?” he questioned.

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