FOREX RATE

WAMCO will be revived by September – COCOBOD CEO

Chief Executive Officer of COCOBOD Joseph Boahen Aidoo has announced the embattled cocoa processing company the West African Mills Company WAMCO will resume production in September.

“I assure you all that by September WAMCO will be revived”.

Speaking at a durbar of Chiefs and people of Essikadu in the Sekondi – Takoradi metropolis in the Western Region on a tour of the President to the region Mr. Boahen Aidoo maintained WAMCO will be restored to its former glory in a month’s time.

WAMCO has been under financial distress for the past four years. Due to its inability to settle its creditors the company has not been able to process raw beans.

The once mass employer in the Sekondi – Takoradi metropolis has become a pale shadow of itself ever since.

Thousands of workers rendered redundant have since been seeking their severance package without any success.
A group of workers who were on their way to seek audience with the President on the state of affairs of the company met their untimely death.

Stakeholders in the metropolis have proposed that government considers WAMCO under its One district, One factory policy. They opine the policy will be the company’s surest bet to revitalize.

Mr. Boahen Aidoo’s announcement will be a piece of information many people who depended on WAMCO will clench unto with glee.

Check Also

Health Ministry to terminate contract on Shama Polyclinic

The Health Ministry is considering terminating the contract on the Shama Polyclinic. Already the Minister …

Leave a Reply

Your email address will not be published. Required fields are marked *