Accra, Feb. 1, GNA – Management of Royal
Commodities (ROCO), a Licensed Cocoa Buying Company (LBC), has taken delivery
of over 30 new trucks funded by GCB bank to ensure efficient internal purchases
of cocoa beans across the cocoa-growing regions.
The trucks will help in primary and secondary
evacuation of cocoa from the farm gate to depots.
The move comes two months after ROCO launched
its operations in the Volta Region with a promise to use electronic weighing
scales to ensure that farmers are not cheated by unsuspecting purchasing
Presenting the keys to the management of ROCO
at a ceremony held in Tema, Nana Antwi Boasiako, the Acting Head of Corporate
Banking GCB Bank, praised the long standing partnership that has existed
between GCB and ROCO and described ROCO as a loyal and dedicated LBC.
Nana Antwi Boasiako said GCB Bank was able to
support ROCO to purchase about 15,000mt of cocoa and expressed optimism that
the new trucks would support their operations to further increase internal cocoa
“This year, we are able to support LBCs with
about GHC754million. We are by far, the biggest financier of major LBCs in the
country. This is what makes us a dependable partner in promoting a sustainable
cocoa economy,” he added.
Receiving the keys, Alhaji Abdulzakou Adamou,
the Managing Director of Royal Commodities Ltd (ROCO), described GCB Bank as a
dependable partner, who has supported the numerous business conglomerates for
more than two decades.
Alhaji Adamou assured that the trucks would be
used for the intended purposes as the company plans to widen its internal
operations to ensure efficiency.
Mr. Emmanuel Opoku, the Deputy Chief Executive
in charge of Operations, commended ROCO for the initiative to beef up their
fleet of trucks.
Mr Opoku hinted that with the introduction of
several productivity enhancement programmes, cocoa production is expected to
increase and the coming of the trucks is very timely.
He called on drivers to observe road safety
measures to prolong the life span of the truck.
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