Cocoa Marketing Company Is Boiling

...Over Deafening Silence On Joe Forson & Cocoa Coys

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Joe Forson, MD of CMC

Cocoa Marketing Company (CMC) is boiling, following the revelation that the managing director of the company, Mr. Joseph (Joe) Forson, has allegedly engaged himself in practices that fall within the ambit of Conflict of Interest and Abuse of Office.

Top officials of the CMC who are in the know of the whole saga are questioning the deafening silence of the top guns who are refusing to ask Mr. Forson some questions on the tango he is having with the cocoa processing companies.

The cocoa processing companies are accusing Mr. Forson of forcing them to deal with a company he (Mr. Forson) has interest in on matters relating to haulage and freight-forwarding.

There are audible murmurings within the corridors of the CMC, which is a subsidiary of the Ghana Cocoa Board (COCOBOD), that the cocoa processing companies alerted some huge forces within the COCOBOD on how Mr.Forson was forcing them to deal only with AMP Logistic Ghana Limited.

Mr. Forson has links with AMP Logistics Ghana Limited, the company he is, more or less, forcing the cocoa processing companies to deal with.

As a matter of fact, The Inquisitor has gleaned communication from the CMC coercing the companies that purchase cocoa beans from it to deal with AMP Logistics.

Search on particulars of AMP Logistics Ghana Limited from the Registrar General’s Department revealed one Joseph Forson, believed to be the CMC managing director is a director of the logistics company located at the TemaFreezone Enclave.

Other directors of AMP Logistics Ghana Limited are Ruby Forson, Mabel Baah and Robert Amartey.

Robert Amartey has some 1,000,000 shares in the company, which was incorporated on January 29, 2015, and commenced its operations on that same date.

It is not clear whether Mr. Joe Forson had stepped aside as a director of AMP Logistics or not.

Per the laws of Ghana, it is illegal for a public servant to have direct interest in a private entity.

It is also not clear whether or not Mr. Forson had alerted the Board of Directors of CMC of his interest in AMP Logistics Ghana Limited.

What has brought the tango between the CMC and the cocoa companies is the fact that most of them find the posture of the managing director strange, as almost all of them have a better system of working on their freight and haulage affairs.

Companies that purchase beans from the CMC include WAMCO, Olam, Plot, Tuton, Afrotropical and Zamax.

The rest are BDA, Chocomax, Niche, Cargil and Cocoa Processing Company (CPC).

What is creating furore among the cocoa companies is the fact that some of them have acceded to the pressure from the CMC boss to deal with the company he is linked with.

Those companies are scared of being targeted by the CMC as has been the practice in recent times.

With most of the companies being expatriate ones, tongues are wagging among the stakeholders in the cocoa processing industry as to why things would be done in that manner.

The Inquisitor cannot independently ascertain whether or not the companies have put their anger and frustrations into writing to the authorities above Mr. Joe Forson.

Trucks procured by some of the companies at very huge costs for haulage purposes are virtually useless, as they are forced to engage the services of AMP Logistics.

More Soon!

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