Akufo-Addo appoints Derek Nkansah as managing director of PBC
PBC Ltd originally existed as a licensed buying company (LBC) which takes part in the internal marketing of cocoa as its core business, as well as a number of auxiliary activities
President Nana Addo Dankwa Akufo-Addo has appointed Derek Kwaku Nkansah as the managing director of PBC Ltd.
He replaces Richard Akuoko Adiyiah, who passed away in October last year.
The news was set out in a letter dated 21 March 2023 and signed by the Executive Secretary to the President, Nana Bediatuo Asante.
“Kindly take the necessary steps to regularise the said appointment in accordance with the relevant provisions of the Companies Act 2019 (Act 992) and the constitution of the company,” the letter said.
Below is a copy of the appointment letter from the Office of the President:
About PBC
PBC Ltd originally existed as a licensed buying company (LBC) which takes part in the marketing of cocoa within Ghana as its core business, among other auxiliary areas of business to complement its revenue stream. Over the years, PBC Ltd has operated in an environment of stiff competition with other licensed buying companies for cocoa from farmers.
However, the company has remained the biggest cocoa purchaser among all the LBCs for the Ghana Cocoa Board (COCOBOD), with a market share of roughly 31%.
Since its listing on the Ghana Stock Exchange the company has achieved many successes and has developed steadily to become a major player in the cocoa industry, showing tremendous growth in all aspects of its core business activities.
As part of its strategy to maintain and improve on its share of the market for cocoa purchases, PBC Ltd has established alliances with a number of international cocoa trading companies to roll out schemes that will increase the yield and acreage of farmers and also improve on farmer livelihoods.
Reporting by Fred Dzakpata in Accra
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