A Cocoa Consultant, Nelson Kpodo-Tay has urged government to take appropriate steps to save the Cocoa Processing Company (CPC) from collapsing.

Kpodo-Tay told Adom FM's “Burning Issues” yesterday that “If they [CPC] are broke to carry out operations, government and COCOBOD must take it upon themselves to salvage them from collapsing.”

“That factory should not be allowed to rundown and the President should not allow it to rundown as well,” he added.

The Management of CPC shut down two of its three factories on Monday.

In a circular to staff members, CPC said "due to operational challenges, Management has decided to temporarily shut down the two cocoa factories from Monday, 25th January 2016 until further notice."

A worker who spoke to Pulse business on condition of anonymity said the shut down was due to the poor financial conditions of the company.

"The truth of the matter is that there are cocoa beans as we speak. The company has not bought any beans. Also,  the company cannot make profit for the pensioners who have shares in the company," the worker said.

The Public Relations Officer of the company, Ekow Rhule has however debunked assertions that the  company's shut down was due to poor financial performance.

He also denied the shut down was partly due to unavailability of cocoa beans.

"I have heard people say it is because there's no cocoa bean. That's not true." he said.

The Chairman of the CPC Workers Union, Kingsley Owusu also told Pulse business the shut down was due to unavailability of cocoa beans.

He said:"CPC is cash-strapped and needs money to survive since their competitors are providing ready cash for cocoa beans."