GIHOC Distilleries Company Limited has dened widespread media reports claiming it has abandoned the Mahama-led government’s flagship 24-Hour Economy initiative.
According to GIHOC, that claim as well as assertions that it has called on the government to clamp down on alcohol imports are “false, misleading and completely out of context.”
In a statement issued on Thursday, October 16, 2025, the company said it had taken note of a publication circulating in sections of the media that purported to quote remarks allegedly made by its management during a meeting with the Parliamentary Select Committee on Labour and Employment on October 15, 2025.
“No statement was made in the manner reported. Management only addressed specific questions about the company’s present state of operations and discussed ongoing efforts to strengthen operations and improve efficiency,” GIHOC said in the statement.
The company stressed that “at no point did the Acting Chief Executive Officer or any member of Management suggest or imply that ‘GIHOC abandons 24-hour economy initiative over low demand’ or that GIHOC had ‘urged government to clamp down on alcohol imports.’ Any publication that says that is false, completely out of context, misleading and deceptive.”
GIHOC reaffirmed its support for the government’s flagship initiative, stating, “We continue to support and align fully with the President’s 24-Hour Economy initiative,” adding that it is actively pursuing measures to enhance production capacity, boost competitiveness and contribute meaningfully to the policy’s success.
Addressing claims about stifling competition, the company said, “GIHOC recognizes the importance of a healthy and fair market environment. We welcome competition and variety within the beverage industry and are committed to recapturing market share and restoring our leadership position—not by exclusion, but through innovation, efficiency and quality.”
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The company also called on media outlets to verify facts before publishing.
“We respectfully urge all media houses and commentators to seek clarification from official sources before publishing reports that may inadvertently distort public understanding or misrepresent institutional positions. GIHOC remains available to provide accurate information and context as needed.”
GIHOC also thanked the Parliamentary Select Committee for what it described as a constructive engagement and reaffirmed its commitment to working collaboratively toward industrial revitalization and job creation.
By: Peter Quao Adattor/Starrfm.com.gh
