• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

Ghana Cocoa Board proposes to end Cocoa farmers’ scholarship scheme

04/09/2019
Reading Time: 2 mins read
Ghana Cocoa farmers pension scheme, ghanatalksbusiness.com
405
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

The Ghana Cocoa Board (COCOBOD) plans to channel funds, set aside for its Farmers Scholarship Trust for beneficiaries entering Senior High Schools (SHS), into developing school infrastructure for needy communities.

For almost 5 decades, the Ghana Cocoa Board, through its scholarship scheme, has provided scholarship for children of cocoa farmers in SHS, by paying for their tuition, including examination fees, boarding and feeding.

However, according to the CEO of the Ghana Cocoa Board, Joseph Boahen Aidoo, with the introduction of the free SHS, the need for the fund to continue paying school fees is curtailed, thus the decision to channel that money into other profitable use within the education sector.

Speaking to cocoa farmers’ at Kokobeng in the Akim Swedru District, the CEO of the Ghana Cocoa Board said:  “Due to the free SHS introduced by the government, we want to channel that fund into improving school infrastructure in areas where the children walk several kilometres before they can access education facilities,” he stated.

He, however, indicated that the proposal was awaiting the approval of the Board of COCOBOD.

In further justifying the need for the scholarship to be abolished, the CEO of the Ghana Cocoa Board said with the first batch of the free SHS students now in Form Three, the fund for the scholarship has not been utilized. Therefore if the approval was given by the board, his outfit would take the initiative to use the fund to develop and improve infrastructure to address these challenges associated with schools.

ALSO READ: Pension Scheme for cocoa farmers will be rolled out soon – COCOBOD CEO

“In Cocoa Board, our scholarship is awarded to children going to the senior high school, but the government has made it free and that is why we want to invest in infrastructure, after our research showed that some of the children walked over three kilometres before they could access educational facilities,” he explained.

COCOBOD Farmers Scholarship Trust

The Ghana Cocoa Board instituted the cocoa scholarship Award scheme as part of its welfare services to cocoa farmers for the education of their children in second cycle schools.

Averagely, COCOBOD sponsors about 7,500 students per year for the three-year SHS programme.

Previous Post

Akufo-Addo sacks National Youth Authority CEO and 2 deputies

Next Post

Bringing out the value of children on cocoa farms in Ghana

Related Posts

Cocoa farmers pension scheme, ghanatalksbusiness.com

Ghana Cocoa Farmers Pension Scheme – How it all works

03/11/2021
Cocoa production in Ghana

Is Ghana in danger of losing millions as Germany, China, and Switzerland push into cocoa production

26/08/2021
FairTrade Organisation

Is Fairtrade a Certification Organisation or a “Fair Trade” Advocate?

10/05/2021
Ghana cocoa

Why Ghana doesn’t get the full value of its cocoa beans – and how this could change

04/05/2021
National chocolate week 2021

National Chocolate Week kicks-off on 8th Feb: Ghanaians urged to eat more cocoa to fight COVID-19

08/02/2021
Agribusiness startup in Ghana

This agribusiness start-up has brought novelty to cocoa processing in Ghana

12/01/2021
Next Post
Teaching young children

Bringing out the value of children on cocoa farms in Ghana

MTN_Nigeria

MTN Nigeria shuts down all facilities in Nigeria

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2021 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2021 Ghana Talks Business

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