ACCRA, Agriculture Minister Dr Owusu Akoto Afriyie has inaugurated the new seven-member board of the Ghana Cocoa Marketing Company (CMC) with a charge to them to help revive the fallen fortunes of the country’s cocoa industry.

Dr Afriyie, who administered the Oath of Office and Secrecy to the board members, said they were taking up their positions at a time when the financial returns from cocoa to the economy was being challenged by falling and erratic international prices for the commodity.

Dr Afriyie challenged the new Board to bring their varied expertise to bear to achieve a significant growth in the cocoa sub-sector despite the volatility of the international market prices.

World cocoa prices have fallen more than a third in the last three and half years and the Minister said the low prices vis-a-vis the farmers income as well as mismanagement in the past few years had left the government little room to manoeuvre and he tasked the new board to help deliver confidence.

Joseph Kobina Essidu, the Chairman of the CMC board, expressed appreciation to President Nana Addo Dankwa Akufo-Addo for the opportunity to serve and pledged to work to help achieve CMC’s vision of becoming a world class company and leader in cocoa marketing. Other members of the Board are Anthony Osei Boakye, Dr. Emmnuel Osei Tuffour, Charles Nornoo, Dr. Johnson P. Asiama; David Nii Klotey Collison and Dr. K. Mensah-Aborampah.

CMC, a wholly-owned subsidiary of the Ghana Cocoa Board, was established in 1961 to promote, sell and deliver Ghana’s cocoa to both local cocoa processors and international traders and processors.