President John Dramani Mahama has expressed shock at GIHOC Distilleries Company Limited's financial difficulties, wondering how an alcohol manufacturer could suffer such large losses in face of robust local demand.
Speaking to employees during Thursday, May 1st's May Day procession in Accra's Independence Square, President Mahama cited new data showing GIHOC Distilleries experienced losses in 2022 and 2023.
Mahama noted that with Ghana's steady and increasing demand for alcoholic beverages, the issue was particularly worrisome. "How can you sell alcohol and be in debt?
When I was president, GIHOC was making a profit.
