Jones Borteye Applerh is the Acting CEO of GIHOC Distilleries
The Acting Chief Executive Officer of GIHOC Distilleries, Jones Borteye Applerh,
has lamented the staff strength of the company, noting that the staff numbers do not tally with their productivity.
According to him, staff numbers have increased, but productivity has not.
GIHOC is currently knee-deep in huge debts amounting to over GH¢427 million. The CEO has, therefore, noted that for this reason, there may be a need for staff retrenchment.
He noted that stabilising the company’s finances and returning to profitability will require not just equipment upgrades and debt restructuring, but also a workforce that reflects the company’s current output needs.
“In 2020, we had a staff strength of about 270, and we were producing about 625,000 cartons a year. In 2024, we had a staff of 520 and our production reduced to 275,000 cartons, so it means when it comes to efficiency to boost our revenue, there’s a lot to be done,” he disclosed, as quoted by citiinewsroom.com.
Applerh also stressed that the company must take decisive steps to ensure it returns to profitability.
“Certainly, we will have to rationalise and make sure that our costs our within the levels that we can contain,” he noted.
SSD/AE
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