In a significant step toward revitalizing the Produce Buying Company (PBC), the State Interests and Governance Authority (SIGA) has initiated a series of high-level engagements aimed at exploring sustainable solutions for the company’s recovery. This forms part of efforts to fulfill a promise made by President John Dramani Mahama to restore the fortunes of the once-thriving state-owned enterprise.
A key meeting was held on April 30, 2025, at the Jubilee House, bringing together critical stakeholders from government, industry, and the financial sector. The discussions centered on addressing the challenges confronting PBC and identifying actionable strategies to reposition the company for long-term stability and growth.
Led by SIGA’s Director-General, Prof. Michael Kpessa-Whyte, the meeting underscored the government’s commitment to strengthening strategic State-Owned Enterprises (SOEs) and restoring public confidence in their operations. Participants expressed a shared determination to support PBC’s transformation through targeted interventions, financial restructuring, and improved corporate governance.
The engagement marks a crucial turning point for PBC, which has long played a vital role in Ghana’s cocoa sector and rural economy. By rallying stakeholders and aligning efforts at the highest level, SIGA is reinforcing its mandate to promote efficiency, accountability, and sustainability across the public sector.
The initiative reflects a broader national vision to reinvigorate underperforming SOEs, ensuring they contribute effectively to economic development and job creation.
