Audio By Carbonatix
President Akufo-Addo has expressed his delight at the revamping and re-opening of the West African Mills Company Ltd (WAMCO), a cocoa processing factory in Takoradi which was closed down in 2014.
Visiting the factory on Wednesday, July 24, the 2nd day of his working visit to the Western Region, President Akufo-Addo was excited to have fulfilled the pledge he made to the people in the run-up to the December 2016 elections.
“...the promise I made to the people of Takoradi has been fulfilled,” he declared.
According to the President, “Because the cocoa industry is becoming more and more buoyant again, under the leadership of JB Aidoo and others, a unit like WAMCO is working again. It has made before, and will make again an important contribution to the development of our country’s economy. It is good music in my ears.”
The Chief Executive Officer of COCOBOD, Joseph Boahen Aidoo, who was also present at the premises of WAMCO, indicated that the WAMCO narrative “is the tragedy of cocoa beans.”
He explained that “WAMCO could not get cocoa beans to process, and because of that, in 2014, it was closed down.”
“The workers were sent home, but their appointments were not terminated. We all recall that some of the workers, in 2016, were sending a petition to Parliament, they had an accident and all of them perished, just because of cocoa beans.”
The COCOBOD CEO continued, “So, we came and produced enough beans to supply WAMCO. WAMCO was down, WAMCO is now up. WAMCO which collapsed is now on its feet. WAMCO, Mr President, is now producing at a profit of $2 million.”
It will be recalled that upon the assumption of office, President Akufo-Addo’s government put in place measures to assess the state of WAMCO, and provide recommendations for the reactivation of the facility’s operations.
These measures addressed the operating capital; company assets and liabilities; human resource and administration; and equipment for WAMCO, all in the bid to get WAMCO working.
COCOBOD paid for the processing plant (WAMCO 1) to be operational, and supplied 500 metric tonnes of beans to WAMCO in 2017 for a test run. In 2018 WAMCO began production using a one-shift system with about 30 employees, and have now been able to scale up their production in 2019 to a 24/7 and 3-shift system.
All employees either active, retired or deceased have been paid 75% of their remunerations that were outstanding since 2014 to 2017. This included all their entitlements, benefits and SSNIT contributions. The outstanding 25% would be paid in December 2019.
He explained that “WAMCO could not get cocoa beans to process, and because of that, in 2014, it was closed down.”
“The workers were sent home, but their appointments were not terminated. We all recall that some of the workers, in 2016, were sending a petition to Parliament, they had an accident and all of them perished, just because of cocoa beans.”
The COCOBOD CEO continued, “So, we came and produced enough beans to supply WAMCO. WAMCO was down, WAMCO is now up. WAMCO which collapsed is now on its feet. WAMCO, Mr President, is now producing at a profit of $2 million.”
It will be recalled that upon the assumption of office, President Akufo-Addo’s government put in place measures to assess the state of WAMCO, and provide recommendations for the reactivation of the facility’s operations.
These measures addressed the operating capital; company assets and liabilities; human resource and administration; and equipment for WAMCO, all in the bid to get WAMCO working.
COCOBOD paid for the processing plant (WAMCO 1) to be operational, and supplied 500 metric tonnes of beans to WAMCO in 2017 for a test run. In 2018 WAMCO began production using a one-shift system with about 30 employees, and have now been able to scale up their production in 2019 to a 24/7 and 3-shift system.
All employees either active, retired or deceased have been paid 75% of their remunerations that were outstanding since 2014 to 2017. This included all their entitlements, benefits and SSNIT contributions. The outstanding 25% would be paid in December 2019.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
CSOs warn delay in Coastal Protection Project could trigger national disaster
1 minute -
Abuakwa South MP invests nearly GH¢1m to support 418 tertiary students
2 minutes -
Refund GH¢113m collected from unsuccessful applicants — Ntim Fordjour to Interior Ministry
4 minutes -
Abuakwa South MP hands over AstroTurf to St. Peter’s SHS to promote sports and healthy living
10 minutes -
Informal sector employers who fail to pay employees’ pensions will be prosecuted—NPRA
11 minutes -
We haven’t taken over AT, we’re only providing network support – Telecel CEO
12 minutes -
GES Director-General applauds top WASSCE candidates at WAEC Distinction Awards
21 minutes -
Afro-Arab Group signs MoU with Ghana National Chamber of Commerce and Industry
28 minutes -
GCTU Vice-Chancellor challenges removal in court, seeks reinstatement
34 minutes -
Ghana is undergoing deliberate digital reset under President Mahama – Sam Nartey George
46 minutes -
Desmond Amponsah leads swimming pathway framework to improve sport in Ghana
48 minutes -
Minority demands dissolution of security services recruitment, calls for bi-partisan probe
50 minutes -
Ghana Embassy in Switzerland engages community to mark 69th Independence Anniversary
59 minutes -
DPS International and Peculiar International shine at Ghana Inter School Festival
1 hour -
National Service Authority orders NSPs at CLOGSAG institutions to continue work during strike
1 hour
