info.afrindex.com
China-Africa Trade Information Service
info.afrindex.com
China-Africa Trade Information Service
Photo from Internet
The West African Mills Company (WAMCO), a cocoa processing company in Takoradi, has recorded a total profit of $600,000 from the export of its products since last year after the revitalization of the production line at WAMCo 1.
The company, which has state-of-the-art machinery and equipment to process cocoa seeds into various products for export became defunct for several years under the previous NDC administration.
This was because cocoa processing company was not supplied with cocoa beans to process despite the fact that Ghana was second in the supply of cocoa beans to the international market in Africa.
The current New Patriotic Party (NPP) administration, upon the assumption of office, took a significant decision to revitalize the company.This was done through effective engagement with the Ghana Cocoa Board (COCOBOD) and all relevant institutions to bring back redundant employers of the company.
Since that time significant progress has been made and the company has used $10 million to purchase over 70,000 tonnes of beans to boost production.
This was after repair and maintenance works at the liquor plant and the expeller machines had been carried out.Government has 40 per cent shares in WAMCO while other investors hold 60 per cent majority shares.WAMCO produces 200 tonnes of butter, 200 tonnes of Liquor and 600 tonnes of cake.
This was revealed when the Member of Parliament for Takoradi, Kwabena Okyere Darko-Mensah and some journalists visited the company’s premises to assess the progress of work.
Isaac Opoku, Production Manager of WAMCO, mentioned that over the last 16 months significant success had been chalked by the company after the repair and maintenance of the liquor plant and the expeller.
