The 100% state-owned Produce Buying Company (PBC), which buys cocoa for exports, has announced that its 15th Annual General Meeting will be held at the Ebenezer Presbyterian Church Hall, Osu, Accra on Wednesday, 24 August, 2016 at 10:00 am.
1. (a) To receive, consider and adopt the Report of the Directors, Auditors, and Financial Statements for the year ended 30 September, 2015
1. (b) Managing Director’s review of Operations
2. To approve changes in Directorship by Directors retiring by rotation
3. To re-elect Directors retiring by rotation
4. To authorise the Directors to fix the remuneration of the Auditors for the year ending 30 September, 2016.
The cocoa industry has been the backbone of the Ghanaian economy through its contribution in terms of foreign exchange earnings, government revenues, employment creation and poverty alleviation/reduction as well as extension of development projects and social services to farmers.
Cocoa exports account for 30 per cent of Ghana’s GDP, with agriculture contributing around 40 per cent of export earnings. Cocoa is the largest contributor to these earnings, providing up to 75 per cent of it. Cocoa offers direct employment to over two million people and indirect employment, in terms of support to the industry, of more than three million.
Ghana remains the world’s second-largest producer of cocoa with the best quality, which earns a premium price from its sale on the international market.