Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Sunday, 16 July 2017

TENSION IS GRADUALLY MOUNTING UP AT CPC OVER PROPOSE APPOINTMENT OF NEW MDC




TENSION IS GRADUALLY MOUNTING UP AT CPC OVER PROPOSE APPOINTMENT OF NEW MD
Image result for picture of cocoa processing company


Tension is gradually mounting up at the Cocoa Processing Company over the decision by the government to replace the Acting Managing director Dr. Frank Asante, who took over from Mr. Armaah Tetteh, the former Managing Director.
Sources indicate that workers have vowed to resist any attempt by the government to replace the acting MD with an outsider who knows nothing about the cocoa processing company and its operations.
Dr. Frank Asante, has worked with CPC for past 25 years as a Research and Development Manager , Production manager of the Confectionery Factory,  Quality Assurance Manager until his appointment as the deputy managing director of operations and now the Acting MD.
Since his assumption as the Acting Managing Director, workers claimed they have started reaping gains from some of the measures he has put in place and changing him would spell a doom for the company most especially if the one coming is an outsider.
Workers who spoke on the condition of anonymity said CPC was run down by an outsider and they will not sit down to allow such bad omen to repeat itself to the detriment of those who have sacrificed their lives to keep the company on it toes.
According to them, last year, CPC entered into partnership with Touton Cocoa and processed their beans for them for a fee of $5 million dollars with the hope that the partnership will continue till they get their own beans to process from Ghana COCOBOD
They explained that considering the structures put in place by Dr. Frank Asante, if the company get its own beans, the story will change from bad to good. They however warned government to resist any attempt to replace the current MD because they will resist with their lives.
source:kulenunewsblog

Thursday, 4 May 2017

CPC ON THE VERGE OF COLLAPSE OVER 90 MILLION DOLLARS DEBT



CPC ON THE VERGE OF COLLAPSE OVER 90 MILLION DOLLARS DEBT
Image result for PICTURE OF COCOA PROCESSING COMPANY
Cocoa Processing Company Limited (CPC) is crumbling under 90 million dollar debt accrued over the last 8 years
This was revealed during a tour by the Board Chairman Hackman Owusu Agyemang and his members.
The debt has compelled the company to to run at low capacity.
The debtors include COCOBOD $50 Million, Syndicated Banks $20 million   
Acting Managing Director, Dr. Frank Asante says the debts is as a result of high utility tariffs and the fact that the company does not get sufficient supply of Cocoa Beans for production
He therefore appeals to government to intervene so they can settle their debt to keep the company on its feet
Meanwhile Chairman of the COCOBOD Hackman Owusu Agyemang has assured them of helping them to settle their debt to bring the company to its feet.
He added that even if managements need to be sacked before the company is back on its feet they will do so
The team also toured some Cocoa Processing companies such
Touton, Barry Callebout, Niche, Cargill and CPC.
source:kulenunewsblog