×
Cocoa is Ghana
News
15-05-2018
COCOBOD TO SET UP NEW COCOA PROCESSING FACTORY IN THE WESTERN REGION

Ghana Cocoa Board (COCOBOD) will soon establish a 60million dollar Cocoa Processing Factory at Sefwi Wiawso in the Western Region of Ghana. This follows a partnership agreement between COCOBOD and the Government of China.

Chief Executive of COCOBOD, Hon. Joseph Boahen Aidoo announced this to journalists during a meeting with a Chinese delegation in Accra.

The delegation is currently in the country to conduct feasibility studies at the proposed site in Sefwi Wiawso where the factory will be built.

According to the Chief Executive, the establishment of the cocoa processing factory will boost the fortunes of the cocoa sector. He explained that China is awarding a grant of $35 million with the Government of Ghana providing funds for the remaining $25million.

He further stated that, the establishment of the factory is very significant as there is a rising consumption pattern of chocolate in the Asian countries, particularly India and China. “The factory will run through the entire production course, that is from production of butter, liquor and down to the tertiary level which is the production of chocolate and related products.

For him, China’s decision to partner with Ghana to put up the factory is a major step in realizing Ghana’s objective of expanding the scope of cocoa consumption.

Ghana, he noted has over 450.000 metric tons installed capacity but functionally only about 250.000 metric tons is being processed, saying “we envisage to increase cocoa production in Ghana and in anticipation of this increase, we will certainly need more factories. The Sefwi Wiawso factory is therefore very timely.”

On his part, the Economic and Commercial Counsellor at the Chinese Embassy, Mr. Chai Zhijing recounted the longstanding relations between Ghana and China in terms of trade and other businesses.

According to him, the trade for a total volume of import and export between Ghana and China was $6.6 billion last year with China’s export at $4.8 billion and the import from Ghana at around $1.8 billion.

He said, the team is currently undertaking feasibility studies and would work out the details for the Chinese Government for the project to commence. He was hopeful the project will boost China’s consumption of cocoa from Ghana.

The Chinese as part of the visit will also tour some cocoa growing communities.