CPC crisis: Interdicted staff deny ₵4.3m liability; demand immediate reinstatement
Seven employees currently under interdiction at the Cocoa Processing Company (CPC) PLC deny responsibility for a financial discrepancy of GH¢4,373,355.04. The employees claim they have been made scapegoats in a flawed administrative process that lacks evidential backing.
The shortfall was highlighted in a recent Ghana Audit Service report spanning the 2023/2024 and 2024/2025 financial years, concerning chocolate products supplied to the CPC Consumer Cooperative Shop. Theodore Matey Tackey, Vice Chairman of the CPC Consumer Cooperative Shop, said "The Ghana Audit Service never asked us any questions. No one called us to explain how the GH¢4.3 million debt came about. The only communication we received was from the Managing Director, and we responded to indicate that we do not owe the company." The workers have produced a reconciliation document reportedly signed by the company's former Director of Administration, which confirms that the cooperative shop's accounts were in order before the current management's intervention.
The interdicted staff are calling for an open, multi-party reconciliation process and for their reinstatement. Theodore Matey Tackey urged that "everyone should come together and go through the reconciliation. That will determine whether people have misappropriated funds or not. Secondly, those who have been interdicted should be reinstated."
Quick Summary
Seven Cocoa Processing Company (CPC) staff are fighting back after being interdicted. They are accused of a multi-million cedi liability - but is there more to the story than meets the eye?
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