The West African Mills Company (WAMCO) has resumed business operations – particularly, the export of semi-processed cocoa products.
The company shutdown earlier in 2014 over its alleged indebtedness to the Ghana Cocoa Board (COCOBOD) alongside about 10 other cocoa processing companies as well as a consequent loss of over 6000 jobs in the cocoa industry.
The resumption of the company’s operations comes on the backdrop of an earlier intervention policy by government which mandated the COCOBOD to supply about 500 tonnes of cocoa beans to put WAMCO back in business.
In a comment to the media on the development - Deputy Managing Director of WAMCO, Frank M. Bednar, noted that the main objective the company over the last two years was to bounce back to life and to ensure that its liquor, expeller and hydraulic plants were functioning efficiently to enhance the supply of pre-processed beans before main processing.
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He disclosed that following the intervention by government, WAMCO has also withdrawn a law suit it instituted against the COCOBOD.
Adding that, the liquor plant was now in perfect shape with full-scale operations expected to commence by early next year - 2018.
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