BOPP records growth despite challenges, commits to sustainability and good governance

BOPP Reports Profit Growth Amid Import Challenges, Boosts Sustainability

Benso Oil Palm Plantation (BOPP) PLC increased pre-tax profit by 7% to GH¢114.8 million in 2024 despite revenue pressures from illegal palm oil imports, Board Chairman Dr. Alfred Mahamadu Braimah announced at its Takoradi Annual General Meeting. Retained earnings rose 5% to GH¢305.1 million, though revenue dipped 1% due to lower crop yields from replanting older palms. Dr. Braimah attributed the profit resilience to robust governance, risk manag…

BOPP records growth despite challenges, commits to sustainability and good governance

By Juliet Aguiar DUGBARTEY, Takoradi Benso Oil Palm Plantation (BOPP) PLC has shown notable growth and profitability in recent years. The company attributes its strong performance to robust corporate governance, effective risk management systems and strategic investments. Financial and operating performance During the company’s Annual General Meeting (AGM) in Takoradi, Dr. Alfred Mahamadu Braimah, the Board Chairman of BOPP, reported that Profit…