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HeadlineBREAKING: CEO of Labianca Company Ltd. is dead

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BREAKING: CEO of Labianca Company Ltd. is dead

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The Chief Executive Officer (CEO) of Labianca Company Limited, Eunice Buah Asomah Hinneh, has reportedly passed away.

Sources indicate that the CEO of the prominent frozen foods distribution company, who was also a member of the Council of State, died in the early hours of Tuesday.

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Since its establishment in 2008, Labianca Company Limited has been a major player in the importation and distribution of frozen chicken, beef, pork, mutton, turkey, fish, and more.

On August 8, 2022, the Office of the Special Prosecutor (OSP) published an investigative report revealing that Labianca Group of Companies, owned by Eunice Jacqueline Buah Asomah-Hinneh, had evaded import duties. The OSP recovered a sum of ¢1.074 million, representing a shortfall in import duties paid to the state.

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The report, signed by Special Prosecutor Kissi Agyebeng, alleged that influence-peddling by Ms. Asomah-Hinneh led to a reduction in the tax liabilities for Labianca Company Limited. It was contended that Ms. Asomah-Hinneh used her position as a member of the Council of State and the Board of Directors of the Ghana Ports and Harbours Authority (GPHA) to secure favorable decisions from the Customs Division.

A Deputy Commissioner of Customs in charge of Operations, Joseph Adu Kyei, was also cited by the OSP for issuing what was described as an unlawful customs advance ruling. This ruling reduced the benchmark values of goods imported by Labianca Limited, translating to reduced tax obligations for the company to the state.

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