Cocoa Produce Buying Company at risk of collapse

The District Manager of the Amansie South branch of the Cocoa Produce Buying Company (PBC), Mr. Omono Asamoah, has issued a pressing call for government intervention to inject much-needed working capital into the company.

Speaking exclusively to Asona Dehyie Kwateng, Asamoah highlighted the critical need for financial support to ensure the sustained success of PBC within the country.

Since 1999, Asamoah noted, PBC has operated without sufficient working capital, relying instead on loans to fulfill their operational requirements.

This financial strain has resulted in mounting debts, with employees enduring months without payment. Contrary to recent allegations by Cocoa Board CEO Mr. Joseph Boahen Adu, Asamoah firmly asserted that PBC staff are not responsible for the company’s challenges.

Asamoah painted a stark picture of the personal toll taken on employees and their families, emphasizing the dire consequences of prolonged financial instability.

He earnestly appealed to the President and Vice President to urgently allocate funds to PBC, underscoring the potential repercussions of allowing the company to collapse under their leadership.

In conclusion, Asamoah reiterated the urgency of the situation, imploring swift action to prevent the demise of PBC under the watch of President Nana Addo Danquah Akuffo Addo and Vice President Dr. Bawumia, as failure to intervene would carry enduring consequences.

Source: Myrepubliconline