COA FS records huge loss due to impasse with Food & Drugs Authority

Coafs 26 COA mixture

Sat, 18 Sep 2021 Source: gbcghanaonline.com

The recall of COA FS from the market brought about a huge loss to COA Research and Manufacturing Company Limited, as the move resulted in the halt in production and the laying off of some staff, costing it more than ¢10million.

The Food & Drugs Authority in April 2020 ordered the recall of COA FS from the market due to microbial contamination.

The Authority later destroyed a batch containing 692 boxes of COA FS, costing GH¢1.69 million in the Central Region.

The Company after the impasse in October 2020 has led to a change of name from COA Food Supplement to COA Mixture since it is no longer registered as a food supplement, but as herbal medicine for general wellbeing with the same ingredients.

The Company has increased staff capacity to more than 120 and also increased departments from a little over 50 in the previous years to date.

COA’s comeback has been successful as demand has increased astronomically and fears the company might not be able to meet the market demand across Africa and Europe, thus the need for an increase in production.

First Deputy CEO of the Company, Oheneba Ofosuhene Apenteng Awere, made this known when the Institute of Financial and Economic Journalists, IFEJ paid a visit to the Company’s factory at Wosorkrom in the Abura Asebu Kwamankese District of the Central Region.

“We are geared towards increasing production to meet our demands. Plans are far advanced to establish a new fully automated factory nearby to add to this complex,” he added.

The Company produces COA mixture from 6 leaf plants grown.

Source: gbcghanaonline.com
Related Articles: