FOREX RATE

WAMCO: COCOA PROCESSING TO KICK-START

 

The embattled cocoa processing company the West Africa Mills Company Limited (WAMCO) will commence the processing of cocoa beans, Member of Parliament for Takoradi Kobby Darko Mensah has indicated.

According to the Member of Parliament a team of Biochemist and Quality Control officers have been assigned to undertake inspection of cocoa beans at the Kejebil Depot for production to start.

Mr. Darko-Mensah was optimistic will WAMCO fully operational by Friday 29 October.

He was however quick to emphasize that the work will be concentrated only at WAMCO 1, “for now until all other mechanical lapses have been fixed in other parts of the factory”.

A sum of US$3 million have been injected into the revitalization of WAMCO by German investors and majority shareholders.

The company in the early weeks of September, this year, begun a test run of the facility with some 150 tonnes of cocoa beans.

WAMCO was rendered redundant for more three years after the minority shareholder, COCOBOD cut supply of cocoa beans due to ballooning debt of the company.

Hundreds of workers at the time lost their jobs without any severance package.

But Mr. Darko –Mensah speaking on Skyy Power Fm’s Jolly Breakfast Show said all existing personnel except those on or due for retirement would be reengaged.

About 70 of them would be fully engaged this week for the operations. Additional personnel would be employed as the company continues operations. At end of this year a total of 200 Ghanaian workers would be engaged in the running of the company, he noted.

He adds that workers’ remuneration packages have been worked on.

“The Managing Director is coming this October to meet COCOBOD to negotiate the salaries and other allowances for the workers. COCOBOD actually has an interest in this matter, and they would ensure satisfaction and job security for the workers.

He also indicated, WAMCO would be exporting processed cocoa beans in the next three weeks.

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