Speaking at a day's seminar for the Chartered Accounting staff in Accra, Mr Aidoo said COCOBOD was undergoing some transformations and needed financial resources to bring the ideas into fruition.

He said it was time to save as much and cut down on the losses to improve on revenue generation.

He observed that, there were some inconsistences in simple transactions and this should be addressed through reconciliation to balance the books.

"I expect that you embrace the finest accounting software and technologies and bring them to bear on your work," he said, adding that "whatever cutting edge software that is required to facilitate your work irrespective of the cost will be considered for use."

The COCOBOD Chief challenged the facilitators to give off their best to offer the participants the necessary skills to work using modern and highly technological trends.

Addressing the participants, the Deputy Chief Executive In-Charge of Finance and Administration, Mr Ray Ankrah, stressed that COCOBOD was a key player in the country's development process and strengthening the skills set of the organization's Chartered Accountants was important.

"This training programme marks the point where we bring closer to you modern technology in finance to enable you take charge of your responsibilities," he added.

Dr Noel Tagoe, the lead facilitator, urged the participants not to be interested only in their accounting skills and profession, but also consider issues of globalisation and help their organisation remain relevant and profitable in modern business.

Mr Francis Akwasi Opoku, the Director of Human Resources and Solicitor Secretary, entreated the participants to embrace the skills gathered through the seminar well enough to improve on their performance towards strengthening a formidable accounting team for COCOBOD.

"We will continue to give you access to modern skills through consistent training to build your capacity and grow the cocoa industry," he concluded.