Shareholders of the Produce Buying Company (PBC) have endorsed the company's move to go to the Ghana
Stock Exchange (GSE) to raise additional capital for its operations.

PBC plans to improve its haulage system which it says is a potentially attractive revenue source, but cannot be exploited for lack of funds.

The country's biggest licenced cocoa buying firm was given the go-ahead at its annual general meeting last month where it tabled the proposal before shareholders.

PBC managing director, Kojo Atta-Krah explained that the increasing cost of operations has put stress on the company's working capital with very little or nothing at all left for developmental projects.
He said the shareholders equity will save the company the high interest rates they have to pay on loans contracted from the banks.