The Management of the West African Mills Company Limited (WAMCO), a cocoa processing entity in Takoradi, has commended the Ghana Cocoa Board (COCOBOD) for its cardinal role in the revival of the Company.
WAMCO, with state-of-the-art machinery and equipment to turn cocoa beans into various semi-finished products for export, was shut down between 2014 and 2017.
Meanwhile, the President of the Republic of Ghana paid a working visit to the company in 2019 and gave the promise of giving life to the Company after the 2020 elections.
The government of Ghana, represented by COCOBOD, had a 40 percent share in WAMCO, with the remaining 60 percent majority shares being held by Hosta International AG, German investors, under a Joint Venture arrangement.
COCOBOD was, thus, to ensure that WAMCO was supplied with the cocoa beans needed to commence production and that the company, which was a hub of employment to many in the Sekondi-Takoradi Metropolis, worked again.
Mr Frank Bednar, the Managing Director of WAMCO revealed this when the German Ambassador to Ghana, Daniel Krull, visited the factory to familiarise himself with the operations of the company and engaged Management and staff.
The company, which has been granted a Ghana Free Zones Authority status, is comprised of two factories, namely; WAMCO 1 and WAMCO 2 with three (3) processing Plants, expellers, Liquor and Hydraulic Presses Plants.
The Ambassador was taken through the factory and the different technologies applied in producing semi-finished products, which were exported and later used as raw materials in chocolate confectionaries worldwide.
Mr Bednar praised the Western Regional Minister, Mr Kwabena Okyere Darko-Mensah for the significant role played in the reactivation of the company.
Securities
“We are grateful to the government of Ghana, and COCOBOD for bringing the business of WAMCO back to life,” he stressed.
Source: GNA
