The Managing Director of PBC Limited, Seidu Yonye, is courting investor confidence, insisting the company remains viable despite escalating debt enforcement actions by a consortium of banks.
Speaking to Citi Business News, he maintained that PBC is still a going concern, underpinned by its legal mandate and strategic role in Ghana’s cocoa sector as a last-resort buyer.
According to him, the company’s current difficulties stem from past leadership and management decisions, but expressed confidence that a reset under the current team, backed by government, will restore the firm’s fortunes.
He pointed to PBC’s existing infrastructure and nationwide logistics network as key strengths that position it for recovery.
His comments come at a time when creditor banks are stepping up efforts to recover outstanding debts, including moves to enforce court-backed processes targeting some of the company’s key assets.
At the company’s Dzorwulu head office in Accra, court officials, accompanied by security personnel, have served and posted notices as part of steps toward a possible auction.
Despite these developments, the Managing Director is urging investors and stakeholders to maintain confidence, assuring that ongoing engagements with shareholders, including the Ministry of Finance, are aimed at unlocking approvals needed to stabilise the business.
He added that management remains focused on repositioning PBC, with ambitions to reclaim its status as a leading Licensed Buying Company in the country.
“We have all the infrastructure and logistics that it takes… my team and I would assure that we revamp PBC to an admirable level,” he said.
He stressed that “We are assuring them that they should still have that confidence in us… all these… issues… will shortly be settled.”
