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The Ghana Cocoa Board (COCOBOD) has held a capacity building seminar on Accounting and Financial Management for Finance Managers at the parent organisation, its divisions and subsidiaries.
The seminar which was held on Thursday, 8th April, was under the theme, “Embedding Value; the Future of Finance at COCOBOD”.
The Deputy Chief Executive in charge of Finance and Administration at COCOBOD, Mr Emmanuel Ray Ankrah, emphasised the value management places on continuous knowledge acquisition to keep up with the latest trends in management and operations.
He was confident that the event will result in measurable improvements in the performance of the Financial Managers which will ultimately reflect in the Board’s finances.
“This platform is to help provide new ideas and approaches on how our financial reports in the cocoa sector are made and help change the narrative of the value of finance”, he stated.
Mr Ray Ankrah further urged the managers to actively seek out emerging trends within the financial sector of the cocoa industry and implement them to enhance their work.
The Director of Human Resources at COCOBOD, Mr. Randolph Addai, in his welcome address, said management continuously seeks to attain the most effective accounting plan to sustain the cocoa sector.
“It is our hope that the seminar will be effective and beneficial to help attain the financial goals of the Board”, he said.
The seminar facilitator, Dr Noel Tagoe, a former Professor of Accounting and Management Practices at Nottingham University, in his presentation, highlighted key action matrices that management needs to adopt in all financial transactions of the Board.
He further elaborated on the need for transparency in information sharing and planning as a key component in carrying out effective accounting.
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