Robbers resort to stealing cocoa

•   Captain Butah (rtd), addressing the meeting. With him are Mr. Maxwell Atta-Krah (right), M.D. of PBC and other directors of the company.                                            Photo:  Seth Osabukle

• Captain Butah (rtd), addressing the meeting. With him are Mr. Maxwell Atta-Krah (right), M.D. of PBC and other directors of the company. Photo: Seth Osabukle

Some armed robbers have moved their operations from the cities and towns to the cocoa growing communities, stealing beans packed in the depots.

The activities of these robbers have become a source of worry to cocoa buying companies in the country.

Mr. Maxwell Kojo Atta-Krah, Managing Director of the Produce Buying Company (PBC) Limited, disclosed this at its 14th Annual General Meeting (AGM) at Osu in Accra, yesterday.

His revelation was triggered by a shareholder’s query on why the company sponsored the renovation of an existing structure into a 12 unit accommodation block for the Ghana Police and Staff College, the renovation of the Kotobabi Motor Traffic and Transport Department (MTTD) offices and the support for the renovation of the District Office and Police Station at New Edubiase in the Ashanti Region.

Mr. Atta-Krah said the Ghana Police Service deserved the company’s support following the selfless and invaluable services, the personnel render in combating armed robbers to protect PBC’s depots and the retrieval of stolen cocoa beans from thieves, noting that the financial assistance to the police was part of the company’s social responsibility.

“We know it is nice to do good but you do not commit yourself to social services when the company is borrowing money from the banks for its operations,” a retired social worker said, noting that “you do not do good when you are running at a loss”, making reference to the company’s operations and its inability to also pay dividends to shareholders for the past 14 years.

Another shareholder did not also understand why PBC Limited should be sharing 2015 calendars to them in June, the middle of the year, when the company could have done so either in January or February.

The Board Chairman, Captain (Rtd) Kwadwo Adunkwa Butah, told the shareholders to stop lamenting and to hope for better days ahead by investing in the company.

By Castro Zangina-Tong       

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