The Industrial and Commercial Workers' Union (ICU) in Ghana has applauded the government's efforts in reviving the PBC Shea Limited factory, located in the Savanna Region. This move is seen as a significant step towards creating jobs and boosting industrial growth in the country. According to the ICU General Secretary, Morgan Ayawine, the factory's revival aligns with the union's long-standing appeal for the government to support struggling state-owned enterprises.
The PBC Shea Limited factory, which had been inactive since 2019 due to lack of funding, has been revamped under the 24-hour economy policy. This initiative aims to boost the shea industry and create employment opportunities for youth across the five northern regions. The factory has an estimated production capacity of 130,000 to 150,000 metric tons of shea nuts annually, valued at approximately 118 million dollars.
The factory's revival is expected to create about 30,000 jobs for youth and women, contributing to Ghana's economic growth. It will operate three shifts daily, ensuring maximum productivity and efficient use of resources. The ICU has emphasized the need for a reliable supply of raw materials, particularly shea nuts, to sustain production at the factory. The Managing Director of PBC Shea Limited, Alhaji Abubakari Abdul-Mumin, has also called for a ban on raw nut exports to ensure adequate raw materials for the factory.
The ICU has urged the government to provide financial support to PBC Plc, the parent company, ahead of the upcoming major cocoa season. This support would enable the company to purchase cocoa beans across its nationwide outlets, creating more jobs and contributing to Ghana's economic growth. The union has also called on management and workers at the PBC Shea Limited factory to maintain high levels of productivity to attract additional investors and position the facility as a catalyst for development in the Savanna Region and beyond.
The ICU has reaffirmed its commitment to collaborating with both public and private sector partners to expand employment opportunities for young people. It has urged workers to safeguard the sustainability of their workplaces, emphasizing that strong institutions and industries would have a multiplier effect on job creation across the country.
The government's revival of the PBC Shea Limited factory is a positive step towards promoting industrial growth and job creation in Ghana. With the ICU's support and commitment to collaboration, this initiative has the potential to make a significant impact on the country's economy. By addressing the challenges facing the factory and providing necessary support, Ghana can unlock the full potential of its shea industry and create more opportunities for its citizens.