Home AgricBusiness 10,000 workers layed off due to COCOBOD directive to LBCs

10,000 workers layed off due to COCOBOD directive to LBCs

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About 10,000 workers with Cocoa Licensed Buying Companies (LBCs) have been sacked due to a directive by COCOBOD to accept seed-fund guarantees from only universal banks. The directive which came into effect on January 16, 2014 was as a result of high default rate among some LBCs from non-universal banks. The development is said to […]