Moody’s has lowered Ghana’s B1 sovereign rating from stable to negative, the agency announced December 5, 2013.
Canned fish manufacturer, Pioneer Food Cannery has shut down its operations indefinitely.
This is as a result of lack of water supply which has persisted for the last week.
About 1,800 workers of the company located at the Tema industrial area have been sent home.
Nana Yaw Amaka Okyere, Acting Head of Human Resources at Pioneer Food Cannery in an interview with XYZ News said without water the company cannot function.
“It has to do with one major resource that we need for our operations, that is water. Our operations are such that we need a very high volume of water to deliver what we do”.
Mr. Amaka Okyere is however hopeful things will normalize soon.
“To cut all the risk we had to shut down and we hoping that things will normalize and the moment things normalize we will go back to work”.