• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Features

Road contracts awarded by COCOBOD was 525% more than its GHS 2.91bn budget, says Auditor-General

1 year ago
in Features, highlights, Home, home-news, latest News
1 min read
0 0
0
181
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Road contracts awarded by COCOBOD was 525% more than its GHS 2.91bn budget, says Auditor-General

Auditor-General Johnson Akuamoah Asiedu in his report on road contracts awarded to contractors in cocoa growing areas for the period between 2015 and 2021, amounted to a total of GHS 18.2bn.

This is against the budgeted amount of GHS 2.91bn – some 525 percentage points increment over the initial budget.

According to the Auditor-General, to mitigate the challenge of poor road conditions in cocoa-growing areas, the Government via COCOBOD launched the Cocoa Road Improvement Project (CRIP) to improve some 2,900km of roads to ensure smooth conveyance of cocoa beans from the farms to purchasing centres and avoid post-harvest losses.

COCOBOD however, awarded over 500 contracts (through single source procurement and restricted tendering) for a total length of 7,054km of roads for improvement at a total contract sum of GHS 18.2bn.

The Auditor-General in his report notes that most of the road projects have been left uncompleted by contractors given the shortfall in funding from COCOBOD.

According to the Auditor-General in his report, COCOBOD could have achieved cost savings through more effective procurement management practices, better supervision, and monitoring to ensure road projects were completed within time and specified quality.

RelatedPosts

GRTCC Suspends 20% Transport Fare Hike Following Talks with Transport Ministry

BoG Postpones National Launch of Cedi@60 Anniversary Following Helicopter Tragedy

Japanese Automakers Toyota and Honda Take a Big Hit From Trump’s Tariffs

“I have made recommendations to COCOBOD to bring about improvement in their activities on the roads ongoing and yet to be awarded,” added the Auditor-General.

 

No Result
View All Result

Highlights

Multichoice Ghana Faces Licence Suspension Over Refusal to Cut DStv Prices as Deadline Expires Today

Oil Prices Rise After Trump Targets India’s Imports

Foreign Capital Inflows Into Banking Sector Hit Five-Year High in 2024

Electricity is Getting Cheaper Across Africa

Summary of Events Following Confirmation of Deaths of Defence and Environment Ministers, Six Others in Military Helicopter Crash

FDI Rises to 3-Year High as Reforms Boost Investor Confidence

Trending

Business

GRTCC Suspends 20% Transport Fare Hike Following Talks with Transport Ministry

August 7, 2025

GRTCC Suspends 20% Transport Fare Hike Following Talks with Transport Ministry The Ghana Road Transport Coordinating Council...

Bank of Ghana

BoG Postpones National Launch of Cedi@60 Anniversary Following Helicopter Tragedy

August 7, 2025

Japanese Automakers Toyota and Honda Take a Big Hit From Trump’s Tariffs

August 7, 2025

Multichoice Ghana Faces Licence Suspension Over Refusal to Cut DStv Prices as Deadline Expires Today

August 7, 2025

Oil Prices Rise After Trump Targets India’s Imports

August 7, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

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

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.