{"id":316410,"date":"2017-05-04T08:56:01","date_gmt":"2017-05-04T08:56:01","guid":{"rendered":"http:\/\/citifmonline.com\/?p=316410"},"modified":"2017-05-04T08:56:01","modified_gmt":"2017-05-04T08:56:01","slug":"delist-cpc-from-stock-market-workers-demand","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/05\/delist-cpc-from-stock-market-workers-demand\/","title":{"rendered":"Delist CPC from stock market- Workers demand"},"content":{"rendered":"
Workers of the Cocoa Processing Company(CPC) have appealed to government to delist the company from the Ghana Stock Exchange(GSE) due to its dwindling performance over the years.<\/p>\n
According to them, it will be financially viable for government to delist and control the company since it is the majority shareholder.<\/p>\n
Currently, COCOBOD owns about 57 percent of the shares, while the Ministry of Finance owns about 26 percent, with SSNIT controlling about 11 percent. The remaining shares which is less than 10 percent is owned by individuals.<\/p>\n
CPC which produces Ghana\u2019s flagship chocolate, the Golden Tree brands \u00a0has been performing poorly on the bourse for some time now.<\/p>\n