President Nana Addo Dankwa Akufo-Addo has appointed Derek Kwaku Nkansah as the managing director of PBC Ltd.
He replaces Richard Akuoko Adiyiah, who passed away in October last year.
The news was set out in a letter dated 21 March 2023 and signed by the Executive Secretary to the President, Nana Bediatuo Asante.
“Kindly take the necessary steps to regularise the said appointment in accordance with the relevant provisions of the Companies Act 2019 (Act 992) and the constitution of the company,” the letter said.
PBC Ltd originally existed as a licensed buying company (LBC) which takes part in the internal marketing of cocoa as its core business, as well as a number of auxiliary activities.
Below is a copy of the letter from the Office of the President: