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    Alberta Speaks at the World Food Forum Opening Ceremony at FAO Headquarters  in Rome, Today 

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    Transformation of Ghana’s agriculture will not be complete without active involvement of women – Agric Minister

    Peasant farmers warn Ghana’s .5bn food import bill could rise over galamsey

    Peasant farmers warn Ghana’s $3.5bn food import bill could rise over galamsey

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    Vatican Invites Agrihouse Foundation’s  Founder to Share Africa’s Voice on Food Systems at World Meeting on Human Fraternity

    FAO Champions Inclusion in  Status of the Youth in Agrifood Systems  Report

    FAO Champions Inclusion in Status of the Youth in Agrifood Systems Report

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    Boost to Bloom Training Equips Over 180 Farmers in Nungu with Practical Pepper Production Skills

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    Ho to Host the largest National Farmers Day Exhibitions, 1-5 December   

    Ho to Host the largest National Farmers Day Exhibitions, 1-5 December  

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    Peasant Farmers Call for Urgent Financial Support for Buffer Stock Company to Buy Excess Local Rice

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    Volta Region to Host 41st National Farmers’ Day Celebration, December 5

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    CultiWise autonomous crop monitoring system “ScoutAI” recognized as future-farming innovation

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    GVMA hails govt’s ‘Feed Ghana Programme’ as game-changer for food security

    COCOBOD launches reward scheme to tackle cocoa smuggling

    COCOBOD launches reward scheme to tackle cocoa smuggling

    Cocoa farmgate price up by GH¢400

    Cocoa farmgate price up by GH¢400

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    Hungarian Embassy hosts companies to grow poultry industry

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    BoG shifts focus to productive growth as stabilisation gains hold    

    BoG shifts focus to productive growth as stabilisation gains hold    

    WFP, FAO call for urgent action as hunger deepens in Democratic Republic of the Congo 

    WFP, FAO call for urgent action as hunger deepens in Democratic Republic of the Congo 

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    Regenerative Agriculture Tipped to Boost Yields and Diversify Farmer Incomes

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    Government to Reclaim Degraded Mining Lands for Agricultural Use – Chief of Staff

    Government Urged to Lift Grain Export Ban to Boost Trade Opportunities

    Government Urged to Lift Grain Export Ban to Boost Trade Opportunities

    14 Ghana Economic Forum : National Leaders to Chart a Bold Path for Currency Stability and Sustainable Growth

    14 Ghana Economic Forum : National Leaders to Chart a Bold Path for Currency Stability and Sustainable Growth

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    Young agripreneurs champion innovation and sustainability at the FAO–World Food Forum Youth Dialogue in Ho

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    Minority demands Agric Minister’s briefing over nationwide food glut

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    East Africa accelerates data-driven farming and hands over control of agri-data hubs

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    Rural hunger at very high levels in Central America’s Dry Corridor region

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    Africa’s Vegetable Genebank Makes Largest-Ever Deposit of Traditional African Vegetable Seeds in Global Repository

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    Norway signs USD 4.8 million deal to bolster Tanzania’s soybean sector

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    FAO, EU launch €20m project to boost aquatic food security in Africa and Latin America

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    Global leaders united to drive agrifood transformation and end hunger at WFF 2025 flagship event

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    Empowering young Women through youth-led actions: WFF Ghana Chapter Engages 150 female students and beginner agribusiness champions in the Bono Region

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GIHOC launches reset agenda to tackle GH¢427m debt

by Agriwatch
July 25, 2025
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The Chief Executive Officer of GIHOC Distilleries Limited, Jones Borteye Applerh, has committed to clearing the company’s over GH¢427 million legacy debt as part of a sweeping industrial recovery and transformation agenda.

Addressing journalists during a media tour of the company’s factory on July 24, 2025, Borteye Applerh said GIHOC is undergoing a reset that will be anchored on discipline, efficiency, and delivery.

“This is not just a change in management. This is a call to integrity, discipline, and above all, delivery. GIHOC must rise again,” he declared.

He revealed that the company is currently operating at less than 40 percent efficiency, with some of its equipment dating as far back as 1964.

He described the financial situation as dire, with debts exceeding GH¢427 million, including unpaid taxes to the Ghana Revenue Authority (GRA), pension arrears, loans, and obligations to suppliers, MASLOC, and other creditors.

He noted that the lack of raw materials had stalled production for months, resulting in the near disappearance of GIHOC’s flagship brands from the market.

“Let me be frank, GIHOC is facing its own challenges just like other SOEs; but they are not insurmountable.”

In just under three months of assuming office, the new CEO says the tide has begun to turn. GIHOC has procured 2.6 million bottles and reversed the “no bottle return” scheme introduced by his predecessor.

The company has also resolved its ethanol supply crisis, thanks to what he described as “the kind benevolence of a traditional ethanol supplier of GIHOC,” and repaired aging equipment — including machines that had been idle for years.

He further highlighted internal reforms, noting that “internal controls have been tightened, we are plugging every leak.”

Production has also resumed in full force. The sachet line, G Tot, is currently operational 24/7, positioning the company as a prime player in the government’s 24-hour economy initiative.

“We are poised for the charge given by H.E the President under Ghana’s 24-hour economy Policy. As you all acknowledge, GIHOC is an easy candidate.”

Looking ahead, Applerh outlined a three-horizon strategy. In the short term, the company will stabilise operations through full audits, strict cost controls, and renegotiation of debts with GRA, SSNIT, MASLOC, and other creditors.

The medium-term plan focuses on growth through rebranding of key products such as Takai, Sorento Wine, and Chevalier, reactivation of exports across ECOWAS, and revamping of the Kumasi bottling water plant.

In the long term, the CEO hinted at transformative projects such as the possible construction of a new ultra-modern plant in the Volta Region, revival of the Aboso Glass Factory to ensure local bottle production, and establishment of a dedicated logistics fleet to control distribution.

He also highlighted the corporate values that would underpin this transformation:

“We will be transparent. We will be merit-driven. We will value dialogue over confrontation. We will promote gender equity and youth inclusion. We will be aligned with the RESET agenda and the national industrialisation plan.”

He concluded by rallying all stakeholders to get involved in the company’s revival.

“GIHOC is not one person. It is not for the Board Members alone. It is all of us—staff, investors, suppliers, distributors, and customers. We invite scrutiny. We welcome partnerships. We need your trust.”

Source : citinewsroom

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