Businessman Alhaji Seidu Agongo has revealed that US$70 million worth of Lithovit Liquid Fertiliser which he supplied to COCOBOD as a fourth delivery was rejected and left to rot in a warehouse due to a change in government.

Speaking in an interview with UTV’s Agya Kwabena, Mr. Agongo recounted how COCOBOD had accepted and paid for the first three deliveries of the same fertiliser but refused to take the fourth consignment despite its proven effectiveness.

“I supplied Lithovit Liquid Fertiliser to COCOBOD four times. They paid for the first three deliveries but rejected the fourth, leaving it to rot in the warehouse. The total value amounts to nearly US$70 million. I feel deeply pained whenever I think about it,” he said.

His legal troubles began soon after the change in government, as he became the subject of an eight-year-long court case.

The main complainant, Dr. Adu-Ampomah, alleged that the fertiliser was ineffective and claimed farmers were even drinking it as water.

However, Mr. Agongo insists these accusations were baseless and politically motivated.

“They conducted their own field investigations, and farmers confirmed that Lithovit Fertiliser was effective. They even used taxpayers’ money to travel to Germany to verify the efficacy of the agrochemical from my partner, yet they concealed that exculpatory evidence from the court,” he stated.

His trial, which spanned nearly a decade, was eventually withdrawn by new Attorney General Dominic Ayine.

Mr. Agongo expressed disappointment over the treatment of Ghanaian businesses, arguing that local entrepreneurs are often side-lined in favour of foreign firms.

“It is sad that when it comes to business, Ghanaians are discriminated against in favour of foreigners,” he lamented.

The businessman’s ordeal raises concerns about political interference in business contracts and its potential impact on investor confidence in Ghana’s economy.