PBC Limited strategizes to accrue profits

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• Obenfo 13 years ago

  I may not understand the relationship between PBC and the COCOBOD but I understand that COCOBOD, on annual basis, solicits syndicated loans from Europe to finance the cocoa purchasing season:
  
  2006 - $ 600,000
  2007 - $ ...
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  I may not understand the relationship between PBC and the COCOBOD but I understand that COCOBOD, on annual basis, solicits syndicated loans from Europe to finance the cocoa purchasing season:
  
  2006 - $ 600,000
  2007 - $ 800,000
  2008 - $ 1,000,000
  2009 - $ 1,200,000
  2010 - $ 1,500,000
  2011 - $ 2,000,000
  2012 - $ 1,500,000
  
  So the reason why PBC should be servicing the cocoa buying season with overdraft to accrue heavy interest charges is yet to be explained to Ghanaians.
  
  The foregoing doesn't portray a beautiful picture for the country at all. Why COCOBOD must solicit huge foreign loans with interests to enable her finance cocoa purchases in every single year is a mystery! Where are the prior years' profits?
  
  If COCOBOD belongs to anyone of the executives as their own private business, will they seek loans to be able to finance their operations every single year?
  
  Ghana has traded cocoa for more than 50 consecutive years, and we want to tell ourselves that we can't service a single purchasing season without a foreign loan! Is that a valid statement?
  
  We Black-People/Africans are our own enemies, and until we decide to renew our minds and thoughts, and start to clean-up our acts, we will forever remain servants to White-People.

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• Obenfo 13 years ago

  2006 - $ 600,000,000
  2007 - $ 800,000,000
  2008 - $ 1,000,000,000
  2009 - $ 1,200,000,000
  2010 - $ 1,500,000,000
  2011 - $ 2,000,000,000
  2012 - $ 1,500,000,000

  2006 - $ 600,000,000
  2007 - $ 800,000,000
  2008 - $ 1,000,000,000
  2009 - $ 1,200,000,000
  2010 - $ 1,500,000,000
  2011 - $ 2,000,000,000
  2012 - $ 1,500,000,000

  reply