{"id":181728,"date":"2024-05-13T14:16:31","date_gmt":"2024-05-13T14:16:31","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/05\/13\/collapsed-gihoc-was-a-thriving-business-under-my-tenure-mahama\/"},"modified":"2024-05-13T14:16:31","modified_gmt":"2024-05-13T14:16:31","slug":"collapsed-gihoc-was-a-thriving-business-under-my-tenure-mahama","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/05\/13\/collapsed-gihoc-was-a-thriving-business-under-my-tenure-mahama\/","title":{"rendered":"Collapsed GIHOC was a thriving business under my tenure \u2013 Mahama \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p id=\"article-123\">At the inauguration of the\u00a0National Democratic Congress\u00a0(NDC) Aldershot branch of the UK &amp; Ireland Chapter, former President\u00a0John Dramani Mahama\u00a0delivered a passionate speech, emphasizing the crucial importance of winning the upcoming election for the betterment of Ghana.<\/p>\n<p>Addressing the audience, the NDC\u2019s flagbearer for the 2024 elections underscored the urgent need for change, citing widespread deterioration across various sectors in Ghana, including healthcare and education.<\/p>\n<p>He lamented the decline of state-owned enterprises, pointing out stark examples of once-profitable entities now struggling to survive.<\/p>\n<p>Mr. Mahama highlighted the drastic decline in the performance of the Produce Buying Company (PBC), which went from purchasing 30% of Ghana\u2019s cocoa exports in the 2016\/2017 crop year to a current state of purchasing none.<\/p>\n<p>He also noted the dire financial situation at PBC, with employees going unpaid for 10 months and banks repossessing the company\u2019s properties due to unpaid credit.<\/p>\n<p>Drawing further attention to the plight of state-owned enterprises, Mr. Mahama cited the case of GIHOC Distilleries, which under his administration was a thriving entity, generating capital from operations and investing in expansion.<\/p>\n<p>However, he lamented that GIHOC is now struggling to meet its financial obligations, including staff salaries.<\/p>\n<p>Mr. Mahama concluded by condemning the perceived mismanagement of state-owned enterprises under the current administration, declaring that virtually every such enterprise has suffered under the watch of President Nana Akufo-Addo.<\/p>\n<p><strong>Source:\u00a0<\/strong>classfmonline.com<\/p>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>At the inauguration of the\u00a0National Democratic Congress\u00a0(NDC) Aldershot branch of the UK &amp; Ireland Chapter, former President\u00a0John Dramani Mahama\u00a0delivered a passionate speech, emphasizing the crucial importance of winning the upcoming election for the betterment of Ghana. Addressing the audience, the NDC\u2019s flagbearer for the 2024 elections underscored the urgent need for change, citing widespread deterioration [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":163665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-181728","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Collapsed GIHOC was a thriving business under my tenure \u2013 Mahama \u2013 - 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\/2024\/05\/13\/collapsed-gihoc-was-a-thriving-business-under-my-tenure-mahama\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Collapsed GIHOC was a thriving business under my tenure \u2013 Mahama \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"At the inauguration of the\u00a0National Democratic Congress\u00a0(NDC) Aldershot branch of the UK &amp; Ireland Chapter, former President\u00a0John Dramani Mahama\u00a0delivered a passionate speech, emphasizing the crucial importance of winning the upcoming election for the betterment of Ghana. 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