Former COCOBOD CEO Dr Stephen Opuni Was Paid Ghc 70,000 Monthly

Chief Executive Officer of COCOBOD, Dr. Stephen Opuni

The latest example of blatant, unchecked corruption plaguing the past government has been revealed, with former COCOBOD CEO Dr Stephen Opuni at the centre of this scandal once again.

The embattled Opuni, who’s had his assets frozen by the Economic and Organised Crime Office (EOCO) as they conduct an investigation into alleged corrupt practices during his tenure, was also making crazy money each month as a salary.

Dr Hackman Owusu-Agyemang, who has been newly appointed as the board chairman for the organisation, made the revelation that Opuni was earning over Ghc 70,000 every month as his salary + bonuses.

“…It is absolutely unthinkable that the gross salary of the Chief Executive Officer should be in the neighbourhood of GHc 70,000 to GHc 75,000 a month, and the net is about GHc 55, 000 to GHc 57,000 a month.” Mr Owusu-Agyemang said on Citi Fm in Accra.

“If you even discount this by 50 percent, it would still be higher than anybody under article 71 of the constitution.

“If they were making profits, it would have been a different story, but in the last three to five years, there has been deficit upon deficit. If you are making no profit and we begin to say we want to discipline and trim down expense and what have you, then you have to look at the whole thing.” he added.

“The top management is what I am really concerned with, and I believe we have to do an audit and come out with what we believe are reasonable levels. When you look at how the salary of the top management has risen over the last two years, it has doubled from what it was three years ago,”

Wanna money!

The President, Nana Addo Dankwa Akufo-Addo, swore in Hackman as the new COCOBOD board chairman, as well as new board members including Kwame Sarpong, Nana Johnson Mensah, Carlos Ahenkorah, among others.


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