Cocoa Processing Company PLC (CPC) has interdicted seven employees following a Ghana Audit Service report that uncovered an unaccounted sum of GH¢4,373,355.04 linked to the company’s consumer cooperative shop.
The audit, completed in March 2026, covered financial activities from 2023 to 2025 and revealed irregularities in products supplied to the workers’ union-run shop located on CPC’s premises in Tema.
According to the audit findings, the consumer shop—operated by workers through their unions—had accumulated debts to the company of GH¢4,373,355.04 as of September 2025 for goods supplied by CPC.
The report further noted that the shop operated rent-free on company premises and did not pay for utilities during the period under review. Auditors warned that failure to recover the receivables could hurt the company’s financial position.
Staff Affected
The interdicted employees are:
· Theodore Matey Tackey – Chairman, Senior Staff Union
· Abdul-Samed Adams – Chairman, Junior Staff Union
· George Yanney – Principal Accounts Officer
· Daniel Mensah – Shop Keeper
· Genevieve Pawar – Product Research and Development Manager
· James Ababio – Production Manager (Confectionery)
· Michael Eshun – Chief Engineer
Four of the affected officers served on the Consumer Shop Management Committee, two acted as patrons, and one was the shopkeeper responsible for day-to-day operations.
Management Responds
Company sources said management acted after receiving the audit findings, issuing queries to the affected staff to explain the discrepancies. The employees were given an opportunity to respond before interdiction was imposed. Some have denied wrongdoing and disputed aspects of the audit findings.
An interdiction letter dated May 11, 2026, signed by Managing Director Professor William Coffie, stated that management had reviewed the responses but found “no headway” in resolving the matter. The letter added that further investigations were necessary, in line with the Auditor’s recommendations for recovery of the outstanding amount.
Directives Issued
The affected staff have been instructed to cease all withdrawals from the Consumer Shop’s bank accounts and make themselves available for a full stock-taking exercise to be jointly conducted by the company’s Audit and Accounts Departments under the supervision of the Security Coordinator.
They are also required to submit handing-over notes and will remain on two-thirds salary pending the outcome of investigations, in line with the company’s collective agreement.
Audit Recommendations
The Ghana Audit Service has recommended immediate recovery of the outstanding receivables and urged CPC to ensure proper accounting for rent, water, and electricity going forward.
The development has triggered discussions among workers, with concerns raised about the scale of the amount involved and its implications for both management and the unions associated with the shop.
At the time of filing, CPC management had not issued any public statement beyond the interdiction letters.
