The Produce Buying Company (PBC) Limited faces complete bankruptcy according to auditors who analyzed the state owned enterprise’s 2024 financial statements, marking a catastrophic deterioration from an already critical situation just one year earlier.
Adom Boafo and Associates, the company’s independent auditors, issued a qualified opinion on financial statements for the year ended September 30, 2024, explicitly stating that their analysis indicates complete bankruptcy. This represents a dramatic escalation from 2023, when auditors warned of severe going concern challenges and complete reliance on loans for continuous operations.
The numbers tell a story of operational…