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Accra, Feb. 1, GNA – Alhaji Abdulzakou Adamou,the Managing Director of Royal Commodities Ltd (ROCO), an indigenous LicensedCocoa Buying Company (LBC), says the company has taken delivery of over 200pieces of electronic weighing scales for cocoa purchases.
The move, he said, is in an effort to addressallegations of scale adjustment.
We believe the move will eliminate cheatingtendencies, allay fears, boost trust, as well as ensure the payment of exactproducer price to our hardworking cocoa farmers in the country”, he said.
Alhaji Adamou said the introduction of theelectronic weighing scales will make the company the preferred LBC in Ghana asthe company affirms its commitment to phase out all manual platform scales fromits operations within the next two years.
Alhaji Abdulzakou Adamou was speaking at aceremony to hand over 30 new trucks funded by GCB Bank to his company to helpin the primary and secondary evacuation activities of cocoa beans across thecocoa regions in the country.
Alhaji Adamou said, as part of an on-goingrestructuring in the company’s operations, the management of ROCO hasintroduced some innovations which include extending operations to the VoltaRegion and the adoption of electronic weighing scales for cocoa purchases.
Presenting the keys to the management of ROCO,Nana Antwi Boasiako, the Acting Head of Corporate Banking GCB bank, lauded thelong standing relationship between ROCO and GCB bank and said the bankconsidered it appropriate to support ROCO in view of its viability,creditworthiness, good management system, and loyalty.
Nana Antwi Boasiako urged management of ROCOto use the trucks for the intended purpose to raise last year’s purchase of15,000mt of cocoa to an appreciable level.
GCB bank has financed this year’s cocoapurchases by advancing funds to the tune of about GH¢754 million; making it thebiggest financier of LBCs in the country, he disclosed.
The Deputy Chief Executive of Ghana CocoaBoard (COCOBOD) in charge of Operations, Mr. Emmanuel Opoku, praised thecollaboration between GCB bank and ROCO in facilitating internal purchases ofcocoa and called on banks and other financial institutions to support COCOBODthrough direct financial assistance to LBCs.
Mr. Opoku advised the drivers of the trucks toobserve safety and quality control measures during the evacuation of cocoabeans from the farm gates to the depots.