Skip to main content

COCOBOD Introduces Balanced Scorecard Approach to Transform Performance

 The Ghana Cocoa Board (COCOBOD) has launched a new performance management strategy aimed at reviving and improving the cocoa industry through the implementation of the Balanced Scorecard approach.

The initiative was announced at the opening of a three-day management retreat in Kumasi, where leadership and senior staff gathered to discuss a shift from administrative-oriented systems to a performance-based culture.

In a welcome address, the Director of Human Resource, Francis Ocran, emphasised that the Balanced Scorecard begins with leadership ensuring alignment at all levels of the organisation. He described it as a departure from the traditional appraisal system, positioning it instead as a framework to embed performance into the daily culture of COCOBOD.

In his keynote address, Deputy Chief Executive in charge of Finance and Administration, Ato Boateng, stressed the urgency of the transition, indicating that the current state of COCOBOD requires collective effort to achieve meaningful change.

By Friday when we will be leaving here, every staff member of COCOBOD must have a scorecard. This is not just a framework but a culture and a lifestyle,” he said. “We must measure what matters and put value on it. The journey towards recovery starts now,” he added.

Boateng outlined a three-phase implementation plan to support the new policy:

Balanced Scorecard: Establishing clear objectives in financial, customer, internal process, and learning and growth perspectives.

Six Sigma: Enhancing operational efficiency and reducing errors to achieve quality standards.

Systems Thinking: Encouraging cross-functional collaboration and accountability to eliminate departmental or divisional silos.

He encouraged the management staff, and by extension all staff, to reimagine activities that add value and eliminate those that do not, adding that promotions and career progressions would be strictly tied to measurable performance under the new system.

According to the Deputy Chief Executive, the approach aims to move COCOBOD from a focus on routine administrative processes to a dynamic, results-driven culture. He said management believes the Balanced Scorecard would serve as a key tool for aligning staff efforts with strategic goals and fostering a culture of continuous improvement across the organisation.

The retreat marks the official start of the implementation process, with the expectation that staff will begin adopting the Balanced Scorecard  as soon as possible.

Comments

Popular posts from this blog

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...

E&P takes over Black Volta and Sankofa Gold projects after years of delay

 Indigenous mining firm Engineers & Planners (E&P) has acquired Azumah Resources Ghana Ltd and Upwest Resources Ghana Ltd, taking full control of the long-stalled Black Volta and Sankofa gold concessions in the Upper West Region. The transaction, registered with the Registrar of Companies and approved by the Minerals Commission, ends nearly two decades of under-investment, legal disputes, and capital shortfalls that kept the concessions dormant. With global gold prices trading above $3,000 per ounce, the move comes at a time when Ghana is seeking fresh mining revenue to support its IMF-backed fiscal consolidation programme. E&P announced that it has secured funding to begin mine development and has committed to repaying verified debts associated with the projects. Ghana travel guide The company outlined a structured plan that includes: Working with the Ghana Revenue Authority (GRA) to audit and confirm loans previously recorded as project investments. Repaying genuine d...

Ghana Property & Lifestyle Expo Ignites Global Interest in Ghana’s Real Estate Market with Landmark Washington DC Edition

  Washington DC, USA – Hundreds of investors, professionals, and diaspora attendees gathered at the Washington Marriott Georgetown for the Ghana Property & Lifestyle Expo (GPLE) – Washington DC Edition , marking the dynamic launch of the 2025 Global Series. The two-day international showcase delivered a powerful mix of credible investment opportunities, expert insights, and strategic networking, spotlighting Ghana’s booming real estate sector as a leading destination for property and lifestyle investment in Africa. From luxury apartments and serviced plots to gated communities and commercial developments, attendees experienced the best of Ghana’s property landscape—featuring top developers from Accra and Kumasi, including Royal Kingdom Estate, Goldkey Properties, Devtraco Plus, Clifton Homes , and others.   Eddy Acquah Moderator & AJ Akua Johnson Brand Ambassador GPLE (Actress , Fitness Coach & Philanthropist) [/caption] Ambassador Victor Smith Applauds Expo’s Rol...