CPC Collapsing Over $100m Debt
A debt stock of about $100 million is crippling the Cocoa Processing Company (CPC) located at Tema. West Africa’s largest local processor, CPC, which has been listed on the Ghana Stock Exchange (GSE) since 2003, owes syndicated banks, regulator and Ghana Cocoa Board (COCOBOD) at least $94 million for raw supply of beans. CPC’s revenues … Read more