• 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

COCOBOD Introduces Revised Reward Scheme to Combat Cocoa Smuggling

14 hours ago
in Features, highlights, Home, home-news, latest News
1 min read
0 0
0
15
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

COCOBOD Introduces Revised Reward Scheme to Combat Cocoa Smuggling

The Ghana Cocoa Board (COCOBOD) has introduced a revised reward scheme that allocates one-third of the value of confiscated cocoa to informants and anti-smuggling operatives as part of renewed efforts to curb illicit cross-border trade.

The initiative, according to COCOBOD, is aimed at enhancing public participation in the fight against cocoa smuggling, a persistent challenge that continues to erode national revenue and threaten the stability of Ghana’s cocoa industry.

Under the revised arrangement, individuals who provide credible information leading to the seizure of smuggled cocoa will be entitled to one-third of the assessed value of the confiscated beans. The same applies to security and anti-smuggling operatives involved in successful operations.

COCOBOD believes the incentive will encourage residents of border communities and transport corridors to collaborate more actively with authorities in exposing trafficking networks.

The move forms part of broader efforts by COCOBOD to safeguard Ghana’s cocoa sector, which supports millions of livelihoods and remains a critical pillar of the national economy.

Cocoa smuggling, driven largely by price differentials between Ghana and neighbouring countries, has long been a source of concern for policymakers. The illicit activity not only deprives the state of revenue but also distorts local market dynamics and undermines fair compensation for farmers, processors, and licensed buying companies.

RelatedPosts

Algeria Seal World Cup qualification; wins for Kenya, Liberia, Uganda and Guinea

Inside Africa’s $12bn Sports Market

“We Will Not Just Attend the World Cup, We Aim to Make an Impact” – Kofi Adams

As the world’s second-largest cocoa producer, Ghana faces growing pressure to protect the integrity of its premium beans amid surging global demand and competition from other producers.

The revised reward scheme, COCOBOD says, represents a decisive step toward safeguarding national interests, improving traceability, and ensuring the sustainability of the cocoa value chain.

Tags: Cocoa SmugglingCocobodCOCOBOD Introduces Revised Reward Scheme to Combat Cocoa Smuggling

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

“We Will Not Just Attend the World Cup, We Aim to Make an Impact” – Kofi Adams

Senegal and Ivory Coast Eye World Cup Qualification

TEWU Demands 50% Base Pay Increase Ahead of Salary Negotiations

Businesses Missing the Point of Customer Service Week, Says Jerry Halm

US Leads the World for Women Entrepreneurs – But Ranks Only 8th Overall

How Nigeria Can Sustain Naira Stability – World Bank

Trending

Features

Algeria Seal World Cup qualification; wins for Kenya, Liberia, Uganda and Guinea

October 10, 2025

Algeria Seal World Cup qualification; wins for Kenya, Liberia, Uganda and Guinea Thursday’s 2026 Fifa World Cup...

Inside Africa’s $12bn Sports Market

October 9, 2025

COCOBOD Introduces Revised Reward Scheme to Combat Cocoa Smuggling

October 9, 2025

“We Will Not Just Attend the World Cup, We Aim to Make an Impact” – Kofi Adams

October 9, 2025

Senegal and Ivory Coast Eye World Cup Qualification

October 9, 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.