Workers of PBC Limited, Ghana's once-dominant cocoa purchasing company, have gone without salaries for 27 months. The struggling workforce is demanding government intervention after repeated unfulfilled promises to revive the firm.
This severe wage crisis stems from PBC’s deep financial difficulties and inadequate working capital. Employees face extreme hardship, impacting their ability to afford basic needs and medical care. The company’s operational issues have also weakened its position in the competitive cocoa purchasing market.
This situation adds to broader concerns about the performance of state-owned enterprises in Ghana. The government has frequently pledged support for such entities, but concrete action often lags. PBC's decline specifically affects Ghana's vital cocoa sector, which is a major contributor to the national economy.
“Workers have gone without salary payment for more than 27 months,” union representatives stated in a public appeal. They urged President Mahama to take immediate steps to rescue the company. These calls follow promises made by President John Dramani Mahama and Finance Minister Dr. Cassiel Ato Forson to reposition PBC. These assurances were given during the 2024 election campaign and in the period immediately after.
The current crisis raises questions about the government’s commitment to job creation and economic stability. Failure to address PBC's financial woes could lead to further job losses and weaken confidence in state-backed initiatives. Observers will watch to see if the government provides a clear roadmap for PBC’s recovery or if the company faces ultimate collapse.
The workers also highlighted low wages for those still receiving salaries. Drivers earn about GHS 1,000 monthly, while clerical staff receive GHS 1,200 to GHS 1,500. Some senior staff, despite holding advanced degrees, earn between GHS 2,050 and GHS 3,500. Casual employees, some earning as little as GHS 350 per month, have not received allowances for over 36 months. No salary increments have occurred for more than ten years.
A specific point of contention is the government’s takeover of the Buipe Shea Processing Factory. This factory is a wholly-owned subsidiary of PBC. Workers requested the factory be returned to PBC or its associated debt removed from PBC’s books. They believe this action could alleviate some of the company’s financial strain. The ongoing economic difficulties highlight the urgent need for structural reforms within Ghana's public sector.