The Workers of the West Africa Mills Company (WAMCO), on Friday called on the Government to abrogate the Joint Venture Agreement signed 21 years ago with a foreign private investor.
The workers, numbering over 250, during a demonstration in Takoradi, asked the Government – a minority share holder in the company – to look for strategic investors to invest in the company.
Some of the placards read: “We need good management,” “WAMCO Board chairman must go,” “Tweaa Foreign Investor,” “Look for strategic investor” and “For 10 years no CBA why?”
Reverend Solomon Kotei, General Secretary of the Industrial and Commercial Workers Union of the Ghana Trades Union Congress, told journalists that the majority shareholder had over the years mismanaged the company which had resulted in over 33 million Euros debt to COCOBOD.
He said since the investor took over the company, no audited accounts had also been submitted to the Board of Directors of the company.
Rev. Kotei said under the management of the foreign investor, WAMCO owed so many clients such as Electricity Company of Ghana, telephone service providers and transport among others.
The General Secretary said SSNIT contributions of members, provident fund, income tax, union