Workers of the Produce Buying Company (PBC) are intensifying their calls for government intervention as the once-thriving cocoa-buying firm faces growing inefficiencies and financial turmoil.
They argue that PBC, a key player in Ghana’s cocoa industry, should receive the same level of attention and support as the Ghana Cocoa Board (COCOBOD) amid the ongoing efforts to recover the economy.
Central to their demands is the immediate appointment of a new Chief Executive Officer to steer the company out of crisis.
Led by the Pressure Group of PBC Limited, the disgruntled workers revealed that their salaries, which have been unpaid for several months, remain a serious issue affecting their livelihoods and the company’s operations.
In an interview with Accra-based Citi News, Vice Chairman Seth Adusei emphasised that immediate action is crucial to the company’s sustainability.
“PBC, at this time, should have been given a new CEO so that the staff may know that the government has really listened to their grievances, which the previous administration failed to address,” he stated.
He continued, “COCOBOD, with its debt stock of about 32 billion, still has the government’s keen interest in its activities, so why can’t the same government do anything about PBC? It’s been about three to four months in power, and nothing significant has been done to help revive the company.”
In January 2024, the Agricultural Development Bank (ADB) and five other banks obtained a court order halting the sale or transfer of PBC’s assets, including its headquarters located at Number 106 Olusegun Obasanjo Way, Dzorwulu Junction, Accra.
Following this, PBC workers staged several protests over their one-year unpaid salaries.
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