Business News of Wednesday, 11 March 2026Source: www.ghanaweb.comA consortium of banks is preparing to confiscate and auction the assets of the Produce Buying Company (PBC) in a bid to recover debts exceeding GH¢300 million. Over the coming weeks, several buildings, operational facilities, vehicles, and other assets belonging to the company could be auctioned to settle the outstanding debt. The debt is estimated to exceed GH¢300 million when accumulated interest and other charges are taken into account. ADB, five other banks secure court order to sell off PBC Limited's assets, head officeThe courts subsequently ruled in favour of the banks and granted them the right to attach and sell the company’s assets to recover the debt. Government set to revive Cocoa Processing Company“State-owned Produce Buying Company will be revived to resume full operations and become the leading licensed buying company in the cocoa sector with immediate effect,” Dr Forson stated on February 12, 2026.

Source: GhanaWeb March 11, 2026 15:05 UTC