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Ghana to Export Process 40,000 Metric Tonnes of Cocoa Beans to China

Establishment of a cocoa processing factory at Sefwi Wiawso in the Western part of Ghana is expected to export process 40,000 metric tonnes of cocoa beans every year, mainly to the Chinese market.

However, Ghana and China have signed a Memorandum of Understanding (MoU) for the establishment of a cocoa processing factory at Sefwi Wiawso at an estimated cost of $60 million.

About $35 million of the amount would be a grant from the Chinese government and the remaining $25 million would come from the COCOBOD as a matching fund.

The Sefwi Wiawso Municipality is a major cocoa growing area in Western North Region.

Ghana, is currently processing 150, 000 metrics tonnes of cocoa locally per annum and hoping to expand its cocoa production from 850,000 metric tons to 1.5 million in the medium term.

Source: Kofi Atakora/Joydaddymultimedia.com

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