Years of financial mismanagement, outdated machinery, and operational inefficiencies have significantly weakened the market position of GIHOC Distilleries Company Limited.
Despite an installed production capacity of 15,000 bottles per hour, outdated equipment-some dating as far back as 1968-has reduced output to just 2,000 bottles per hour, making it difficult for GIHOC to meet its market demand.
Acting Chief Executive Officer (CEO) of GIHOC, Jones Borteye Applerh, who made the revelation also added that the company had lost the trust of nearly all stakeholders, including creditors and suppliers.
He made these remarks when the Minister of Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, paid a working visit to the company in Accra on Friday.
