{"id":450933,"date":"2017-12-30T01:58:37","date_gmt":"2017-12-30T01:58:37","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/12\/30\/gse-to-delist-cpc-two-other-companies\/"},"modified":"2017-12-30T01:58:37","modified_gmt":"2017-12-30T01:58:37","slug":"gse-to-delist-cpc-two-other-companies","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/12\/30\/gse-to-delist-cpc-two-other-companies\/","title":{"rendered":"GSE to delist CPC, two other companies"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">Business News of Saturday, 30 December 2017<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>Reuters<\/p>\n<p>2017-12-30<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/12\/44573346.295.jpg\" alt=\"Cocoa Processing Company5\" title=\"Cocoa Processing Company5\" width=\"295\" height=\"157\" \/><span class=\"image_caption\"><span>Cocoa Processing Company<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n<p>\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=151125817929577\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=151125817929577\"><\/p>\n<p>\t\t  <img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/12\/1514599117_16_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\">The Ghana Stock Exchange (GSE) has put on its watch list three distressed companies including Cocoa Processing Company (CPC) for possible delisting if their financials do not improve by the end of May, 2018.<\/p>\n<p>CPC, known for its flagship \u2018Golden Tree\u2019 products, currently operates at less than half of its annual capacity of 64,500 tonnes.<\/p>\n<p>CPC said in August it needed at least $300 million to revive its operations.<\/p>\n<p>The GSE in August suspended trading in the company\u2019s shares for two weeks after it failed to submit financial reports or to conduct annual general meeting despite several promptings.<\/p>\n<p>Also on the watch list is Aluworks Ghana Limited, an  aluminium raw material supplier, currently operating at around a third of its 30,000 tonnes capacity due to lack of funds.<\/p>\n<p>The Managing Director of Aluworks, Kwasi Okoh said the company had instituted measures to balance its finances before the May deadline.<\/p>\n<p>\u201cThe outlook is clear and by May, all of this would have been resolved,\u201d he told Reuters.<\/p>\n<p>The Exchange is also watching Information Technology service provider Clydestone Ghana for a possible delisting because of its weak finances.<\/p>\n<p>Clydestone also has operations in Nigeria and Kenya, where it provides electronic services such as payment platforms and third party processing to financial institutions.<\/p>\n<p>Tina Satuh, corporate communications manager, declined to comment on the GSE statement, saying management had yet to discuss the issue.<\/p>\n<p><!-- uploaded by: 32 updated by: -1 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Saturday, 30 December 2017 Source: Reuters 2017-12-30 Cocoa Processing Company The Ghana Stock Exchange (GSE) has put on its watch list three distressed companies including Cocoa Processing Company (CPC) for possible delisting if their financials do not improve by the end of May, 2018. CPC, known for its flagship \u2018Golden Tree\u2019 products, [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":450934,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-450933","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GSE to delist CPC, two other companies - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/12\/30\/gse-to-delist-cpc-two-other-companies\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"GSE to delist CPC, two other companies - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Business News of Saturday, 30 December 2017 Source: Reuters 2017-12-30 Cocoa Processing Company The Ghana Stock Exchange (GSE) has put on its watch list three distressed companies including Cocoa Processing Company (CPC) for possible delisting if their financials do not improve by the end of May, 2018. CPC, known for its flagship \u2018Golden Tree\u2019 products, [&hellip;]\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/30\\\/gse-to-delist-cpc-two-other-companies\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/30\\\/gse-to-delist-cpc-two-other-companies\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"GSE to delist CPC, two other companies\",\"datePublished\":\"2017-12-30T01:58:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/30\\\/gse-to-delist-cpc-two-other-companies\\\/\"},\"wordCount\":246,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/30\\\/gse-to-delist-cpc-two-other-companies\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Local News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/30\\\/gse-to-delist-cpc-two-other-companies\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/30\\\/gse-to-delist-cpc-two-other-companies\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/30\\\/gse-to-delist-cpc-two-other-companies\\\/\",\"name\":\"GSE to delist CPC, two other companies - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/30\\\/gse-to-delist-cpc-two-other-companies\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/30\\\/gse-to-delist-cpc-two-other-companies\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2017-12-30T01:58:37+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/30\\\/gse-to-delist-cpc-two-other-companies\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/30\\\/gse-to-delist-cpc-two-other-companies\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GSE to delist CPC, two other companies - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2017\/12\/30\/gse-to-delist-cpc-two-other-companies\/","twitter_card":"summary_large_image","twitter_title":"GSE to delist CPC, two other companies - Ghanamma.com","twitter_description":"Business News of Saturday, 30 December 2017 Source: Reuters 2017-12-30 Cocoa Processing Company The Ghana Stock Exchange (GSE) has put on its watch list three distressed companies including Cocoa Processing Company (CPC) for possible delisting if their financials do not improve by the end of May, 2018. CPC, known for its flagship \u2018Golden Tree\u2019 products, [&hellip;]","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2017\/12\/30\/gse-to-delist-cpc-two-other-companies\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2017\/12\/30\/gse-to-delist-cpc-two-other-companies\/"},"author":{"name":"","@id":""},"headline":"GSE to delist CPC, two other companies","datePublished":"2017-12-30T01:58:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2017\/12\/30\/gse-to-delist-cpc-two-other-companies\/"},"wordCount":246,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2017\/12\/30\/gse-to-delist-cpc-two-other-companies\/#primaryimage"},"thumbnailUrl":"","articleSection":["Local News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2017\/12\/30\/gse-to-delist-cpc-two-other-companies\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2017\/12\/30\/gse-to-delist-cpc-two-other-companies\/","url":"https:\/\/www.ghanamma.com\/2017\/12\/30\/gse-to-delist-cpc-two-other-companies\/","name":"GSE to delist CPC, two other companies - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2017\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2017\/12\/30\/gse-to-delist-cpc-two-other-companies\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2017\/12\/30\/gse-to-delist-cpc-two-other-companies\/#primaryimage"},"thumbnailUrl":"","datePublished":"2017-12-30T01:58:37+00:00","author":{"@id":""},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2017\/12\/30\/gse-to-delist-cpc-two-other-companies\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2017\/12\/30\/gse-to-delist-cpc-two-other-companies\/#primaryimage","url":"","contentUrl":""},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2017\/#website","url":"https:\/\/www.ghanamma.com\/2017\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2017\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2017\/wp-json\/wp\/v2\/posts\/450933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2017\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2017\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2017\/wp-json\/wp\/v2\/comments?post=450933"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2017\/wp-json\/wp\/v2\/posts\/450933\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2017\/wp-json\/wp\/v2\/media?parent=450933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2017\/wp-json\/wp\/v2\/categories?post=450933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2017\/wp-json\/wp\/v2\/tags?post=450933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}