Wednesday, July 30, 2014

7 things you should know about Cocoa Processing Company (CPC on GSE)

I'm just inspired today to write something about Cocoa Processing Company (CPC on the Ghana Stock Exchange) and bring out some things people don't know about this company.
On the Ghana Stock Exchange, the 1965 established company, is trading at 0.02 pesewas per share and has been so for quite a long time. I have realised that some of the best cocoa products including the delicious chocolates we consume have been the brainchild of CPC. Later in this post, I'll list some of those great products that we never associated with this company.

1. Do you know that CPC has received certification for two management systems, i.e a) International Organisation for Standardization (ISO 9001:2008) and b) Codex Alimentarius Hazard Analysis & Critical Control Points (HACCP)?  These obviously give CPC a competitive advantage over other industry players in the West African region among other things.

2. Do you know that CPC made a loss of US$11.8million in the previous year, 2013 and US$10.2 million loss in 2012? A substantial part of the company's liabilities are due to Ghana Cocoa Board (COCOBOD)- one of the shareholders of CPC.

3. Do you know CPC gets just around 5% of it's export revenue for its total operations and the rest 95% is shared between COCOBOD as payment on account of the outstanding loan facilities? Hmmmm,

4. Do you know the Ghana Cocoa Board owns 57.73% of CPC and the Government of Ghana (Min. of Finance) owns 26.13% ?

5. Do you know only 3 out of about 12 directors own shares in the company as at Sept. 2013?

6. Do you know there have been changes to the board of CPC? Below are the changes;
Retirees: - Mr. Charles Debrah Asante and Anthony Fofie.
Appointees: Nana-Oduro Owusu, Dr. Stephen Kwabena Opuni and Mr. Jacob Ofosu.

7. Do you know the following products are the brainchild of Cocoa Processing Company?
a) Your favourite Chocolate spread ---- "Choco-delight".
"Choco-delight"
b)  Your saviour on valentine's day: ....... "Kingsbite Chocolate", Gift Bar etc
"Kingsbite Chocolate"
c) The Students Companion: - .......... "Alltime" - I love this product and now you know who is behind it. 
"Alltime"
d) Well, I never tasted this natural cocoa powder before, but it looks good no wonder it's... "Royale". 
"Royale"
Now you know.







Tuesday, July 22, 2014

3 Reasons why everyone must learn to invest

I keep getting questions like: "must I bother myself to learn how to invest? Shouldn’t I rather focus on just managing my monthly income?" My answer to such questions is simple, you definitely have to learn how to invest for a number of reasons. Below are just three (3) of them:

Reason 1: If you don’t, other people will use your money to enrich themselves and pay you nothing for it (in fact, they will even charge you for “keeping” it for you). Don’t get me wrong, I have absolutely nothing against the banking industry. In fact, I have a number of cherished friends who are bankers however the truth is that I do not advise keeping “excess money” in a bank account. I sure do have bank accounts but, I just keep emergency funds there. Any idle funds I get, goes straight into an investment account. Why will I watch the banks enrich themselves by trading with my money and not do the same for myself?

Reason 2: If you don’t invest, inflation will “eat up” your money! It is an uncontestable fact that the prices of goods and services are always on an upward march. An amount of GHC100.00 today will most certainly buy less than it could have bought 12 months ago. The lesson: Prices generally keep going up so, you also have to “grow” your money or watch it dwindle in value.   


Reason 3: For those who are Christians, Jesus advised that we should invest. In one of the most interesting stories in the Bible found in Matthew 25:14-30, Jesus establish the principle that seeking interest on your money should be a way of life. He said, “…you should have put my money on deposit with the bankers, so that when I return, I would have received it back with interest.” This shows that God endorses investment as a legitimate means of making money.

By: M.D. Avor

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