• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, October 2, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Cocoa Processing Company Ltd MD resigns Amidst Series of Struggles on the Stock Market

Stephen M.Cby Stephen M.C
February 20, 2023
Reading Time: 3 mins read
Stephen M.Cby Stephen M.C
in Securities/Markets, Sub Top Stories2
0
Cocoa Processing Company Ltd MD resigns Amidst Series of Struggles on the Stock Market

The managing director of Cocoa Processing Company Limited (CPC) Nana Agyenim Boateng I has resigned, an official statement has said, as the company struggles to make some impact on the local equities market.

Meanwhile, no reason has yet been assigned to his resignation from the Cocoa Processing Company Limited. His resignation is expected to take effect from 21st March 2023, the company said in a circular to investors.

A circular to the Ghana Stock Exchange said the board has put in place wide-ranging measures to ensure the seamless operations of CPC until a substantive replacement is found.

RelatedPosts

Bulls Charge as GSE Kicks Off Month with 70% Year-to-Date Gains

Ghana’s Cocoa Arrivals Quadruple in August, Shaking Global Chocolate Market

Fan Milk Sweetens Market with 1.13% Surge Despite GSE’s Bleak Turnover Drop

“CPC announces for the information of the general investing public, the resignation of Nana Agyenim Boateng I, Managing Director of CPC, effective March 21, 2023.

“The Board has put in place wide-ranging measures to ensure the seamless operations of CPC until a substantive replacement is found. The market will be notified before March 21, 2023, of the new Managing Director or the one who will be acting in the position until a substantive Managing Director is appointed.”

CPC

Cocoa Processing Company Limited encouraged its shareholders of the company’s desire to bring the company to the path of growth and profitability. “CPC assures its stakeholders of its commitment to the highest standards of corporate governance and continuity of operations,” the circular stated.

CPC Trades Flat for Extended Period of Time

For a period of more than 3 months, the Cocoa Processing Company’s activity on the Ghana Stock Exchange (GSE) has been on the line with no movement in price.

Cocoa Processing Company Limited which operates in the Consumer Goods sector of the local bourse closed its trading day (Friday, February 17, 2023) at GHS0.02 per share on the Ghana Stock Exchange (GSE)- closing the same mark as it opened.

Cocoa Processing Company is the 18th most traded stock on the Ghana Stock Exchange over the past three months (Nov 16, 2022 – Feb 17, 2023). CPC has traded a total volume of 19,411 shares valued at GHS 388 over the period, with an average of 308 traded shares per session. A volume high of 8,013 was achieved on January 30 for the same period.

The Cocoa Processing Company Limited (CPC) based in Tema, was incorporated in November 1981 as a Limited Liability Company. The company, whose main objective is to process cocoa beans by adding value to them, comprises two factories, namely the Cocoa Factory and the Confectionery Factory. The former processes raw cocoa beans into semi-finished products (cocoa liquor, butter, natural/alkalized cake or powder) whilst the Confectionery Factory manufactures the Golden Tree chocolate.

Cocoa Processing Company Limited is listed on the Ghana Stock Exchange (GSE). Cocoa Processing is traded on the GSE under the ticker symbol “CPC”. The International Securities Identification Number (ISIN) of GSE:CPC is GH0000000540. Cocoa Processing Company Limited is currently the 25th most valuable stock on the GSE with a market capitalization of GHS 40.8 million, which is about 0.063% of the Ghana Stock Exchange equity market.

The company’s Earnings Per Share is -0.0562 while it’s Price/Earning Ratio is -0.36 with Dividend Per standing at 0.00. CPC has a Dividend Yield of 0% and Shares Outstanding 2.04 billion.

With the company’s MD Resigning, shareholders will be optimistic that the fortunes of the company will be turned around in the near future.

READ ALSO: StanChart Launches US$1 billion Buyback, Unveils New Targets As Rising Rates Buoy Income

Tags: Cocoa Processing CompanyManaging DirectorMarket CapitalizationsharesTraded Volume
Please login to join discussion
Previous Post

Sustain Minimum GDP Growth Rate To Achieve Inclusive Growth And Sustainable Development In Africa- Experts

Next Post

Journeying From DDEP To EDRP: Is Ghana Headed Back Towards Economic Stability?

[mc4wp_form id="1264"]

Related Posts

Iran-Israel Tensions Could Trigger Fuel Price Hikes – IES Warns 
Extractives/Energy

Ghana’s Petroleum Supply Sees Regional Shifts with Uneven Growth 

October 2, 2025
IMANI Blames Electoral Commission for Breakdown in Ablekuma North
General News

Franklin Cudjoe Challenges Government on DSTV and Galamsey

October 2, 2025
Global Sumud Flotilla Enters  “High-risk Zone”
Asia

Global Sumud Flotilla Meets Fate Of Its Predecessors

October 2, 2025
Nigeria’s Debt Repayments Dominate Foreign Spending In 2025
Africa

Nigeria’s Debt Repayments Dominate Foreign Spending In 2025

October 2, 2025
Franklin Cudjoe, Founding President of IMANI Centre for Policy and Education
Economy

Ghana’s Economic Gains: IMANI Warns Against Complacency, Demands Sustained Reforms

October 2, 2025
Grammy Academy Approves Shatta Wale’s ‘Street Crown’ for Consideration
Entertainment

Grammy Academy Approves Shatta Wale’s ‘Street Crown’ for Consideration

October 2, 2025
Iran-Israel Tensions Could Trigger Fuel Price Hikes – IES Warns 
Extractives/Energy

Ghana’s Petroleum Supply Sees Regional Shifts with Uneven Growth 

by Prince AgyapongOctober 2, 2025
IMANI Blames Electoral Commission for Breakdown in Ablekuma North
General News

Franklin Cudjoe Challenges Government on DSTV and Galamsey

by Silas Kafui AssemOctober 2, 2025
Global Sumud Flotilla Enters  “High-risk Zone”
Asia

Global Sumud Flotilla Meets Fate Of Its Predecessors

by Comfort AmpomaaOctober 2, 2025
Nigeria’s Debt Repayments Dominate Foreign Spending In 2025
Africa

Nigeria’s Debt Repayments Dominate Foreign Spending In 2025

by Lawrence AnkutseOctober 2, 2025
Franklin Cudjoe, Founding President of IMANI Centre for Policy and Education
Economy

Ghana’s Economic Gains: IMANI Warns Against Complacency, Demands Sustained Reforms

by Evans Junior OwuOctober 2, 2025
Grammy Academy Approves Shatta Wale’s ‘Street Crown’ for Consideration
Entertainment

Grammy Academy Approves Shatta Wale’s ‘Street Crown’ for Consideration

by Esther Korantemaa OffeiOctober 2, 2025
Iran-Israel Tensions Could Trigger Fuel Price Hikes – IES Warns 
IMANI Blames Electoral Commission for Breakdown in Ablekuma North
Global Sumud Flotilla Enters  “High-risk Zone”
Nigeria’s Debt Repayments Dominate Foreign Spending In 2025
Franklin Cudjoe, Founding President of IMANI Centre for Policy and Education
Grammy Academy Approves Shatta Wale’s ‘Street Crown’ for Consideration
[/vc_row_inner]

Recent News

  • Ghana’s Petroleum Supply Sees Regional Shifts with Uneven Growth 
  • Franklin Cudjoe Challenges Government on DSTV and Galamsey
  • Global Sumud Flotilla Meets Fate Of Its Predecessors
  • Nigeria’s Debt Repayments Dominate Foreign Spending In 2025
  • Ghana’s Economic Gains: IMANI Warns Against Complacency, Demands Sustained Reforms
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.