• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

Ghana-China to construct a $100 million chocolate factory in Sefwi-Wiawso

10/07/2019
Reading Time: 2 mins read
agric_minister
0
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

Government has announced a joint partnership deal with the Chinese to construct a 100 million dollar chocolate factory at Sefwi-Wiaso in the Western North region.

The facility is expected to process about 50,000 tonnes of cocoa beans into chocolate in a year.

This is expected to help the country add value to its cocoa beans before export.

Speaking at programme organized by Ecobank Ghana on the Cocoa Supply Chain, Minister for Agriculture, Dr. Owusu Afriyie Akoto stated that the agreement will soon be signed in Ghana.

“We have agreed with the Chinese who are ready to bring 60 million dollars while Ghana looks for some Ghanaian investors who will also invest 40 million dollars,” he said.

Dr. Afriyie Akoto explained that the Western North area is known to be major cocoa growing area, contributing to the export earnings of the country over the years.

He maintained that the move, apart from creating jobs will also provide an opportunity for the people in the area to be part of the value addition in cocoa production.

Background

Even though Ghana is among the leading producers of cocoa in the world, less than 15 percent of the beans is processed in the country for cocoa products such as chocolate.

This has also negatively impacted the consumption of locally made Chocolate in the country.

The consumption of locally made chocolate remains low despite the celebration of the National Chocolate Day for over a decade.

According to the Cocoa Processing Company (CPC), Ghanaians consume only 400 grams of chocolate daily compared other developed countries that consume thrice the number.

Meanwhile, the global chocolate market is worth some 103.28 billion dollars and has been estimated to reach approximately 161.56 billion dollars by 2024.

Previous Post

Be innovative with your idea – Richard Nii Armah Quaye to entrepreneur

Next Post

We owe Groupe Nduom only GH¢3.1 million – Finance Ministry source

Related Posts

Cocoa production in Ghana

Is Ghana in danger of losing millions as Germany, China, and Switzerland push into cocoa production

26/08/2021
FairTrade Organisation

Is Fairtrade a Certification Organisation or a “Fair Trade” Advocate?

10/05/2021
Ghana cocoa

Why Ghana doesn’t get the full value of its cocoa beans – and how this could change

04/05/2021
National chocolate week 2021

National Chocolate Week kicks-off on 8th Feb: Ghanaians urged to eat more cocoa to fight COVID-19

08/02/2021
Agribusiness startup in Ghana

This agribusiness start-up has brought novelty to cocoa processing in Ghana

12/01/2021
Nana Aduna II, ghanatalksbusiness.com

Nana Aduna II – A Medical Officer who revolutionalised cocoa processing in Ghana

06/01/2021
Next Post
Dr_Papa_Kwesi_Nduom

We owe Groupe Nduom only GH¢3.1 million – Finance Ministry source

visa_free_to_south_africa

South Africa has granted Ghana visa-free status- Minister explains

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2021 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2021 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In