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    $13 Million Cocoa Processing Plant Expansion Commissioned by Ghana to Match The Nation’s Increasing Demand

    Posted On 29 Nov 2021
    By : New Africa Business News, Staff Correspondent
    Comments: 26

    By Richard Adorsu-

    NEW AFRICA BUSINESS NEWS (NABN) Accra- Ghana’s President, Nana Addo Dankwa Akufo–Addo commissioned $13 million cocoa processing plant expansion of the Cargill Cocoa Processing Company.

    At the inaugural ceremony, he highlighted the importance of the expansion in his keynote address.

    “I want to congratulate the management and staff for their significant contribution to the success of this company,” he said.

    “The commissioning of this expansion today underscores the importance of the private sector to government’s industrial transformation program.”

    He further reflected on the impact that Cargill Cocoa & Chocolate has made in the country  and a more  sustainable cocoa sector and acknowledged that the plant expansion will present an avenue for economic development.


    “I’m of the firm conviction that industrialization of private sector development is a great opportunity to expand the economy and create more jobs, particularly for our young people. I also believe that for this country to develop rapidly, there is the need for deliberate attempts to add value to our natural resources.”


    “It’s against this background that I would like to commend Cargill for what they are doing in our cocoa sector.” the President said.


    The multi–million–dollar investment took sixteen months to complete and increased the plant’s grind capability by  20%, bolstering its annual production capacity to 90,000 tonnes. The initial nameplate capacity of 65,000 tonnes was pushed to 75,000 tonnes through the efficient management by the Ghanaian team, giving room for this expansion. The facility upgrades will also support hundreds of new direct and indirect jobs.

    This latest investment is the culmination of Cargill’s 13 years of operational presence in Ghana, during which the direct and indirect employment at the plant grew from 400 to 530.

    Cargill’s Harold Poelma explained that the project, which was sparked by the growing global demand for cocoa, also supports the company’s long–term commitment to continuously invest in the cocoa sector and create more opportunities within the value chain.


    “This kind of investment can serve as an engine to jump–start new economic activities,” Poelma said.


    “It is part of our ongoing effort to build sustainable, local agri–food businesses, diversify revenue streams and support a thriving cocoa sector.”


    The plant expansion project aligns with the government of Ghana’s vision to accelerate economic progress through agricultural industrialization whilst improving the welfare of farmers and solidifying the country’s position as one of the world’s largest producers of cocoa.


    Plant Manager, Mr. Richard Adjei in a short address, praised the highly skilled Ghanaian team who run the Plant.


    “I am happy to note, ladies and gentlemen, that this Plant which is now the biggest cocoa processing Plant in Ghana is run and managed 100% by Ghanaians. Our staff here is the reason we are where we are today and Cargill Ghana is an example of Ghanaian expertise and efficiency and by that our staff earned the right to grow the plant.” Mr. Adjei remarked.


    Alongside the commissioning of the Tema processing facility, Cargill highlighted other efforts to support sector transformation and social impact, in partnership with state agencies such as COCOBOD and other key stakeholders such as CARE International and Safe Water Ghana. In
    2021 alone, Cargill invested about GHc12m in supporting local community projects to build solar water systems and add school classroom blocks. In addition, Cargill provided funding and support for nearly 70 other community–identified projects.

    Speaking about the importance of working with partners, Aedo van der Weij, Managing Director, Cargill Ghana, said: “Establishing close partnership with government agencies, technical partners and local community leaders enables us to make meaningful impacts in the communities where we do business. They share our vision and help guide our efforts in creating a sustainable cocoa supply chain. Working together, we can achieve far more than we ever could alone.”

     

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    For New Africa Business News Richard Adorsu Reports,  Africa Correspondent

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    26 Comments

    1. David November 29, 2021 at 2:08 am Reply

      Awesome report, Journalist Richard am a Ghanaian studying in Germany. Berlin GERMANY. David

      • New Africa Business News, Staff Correspondent November 29, 2021 at 2:46 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Hassana November 29, 2021 at 2:11 am Reply

      Cocoa & Chocolate made in Ghana is extremely important. Hope to see more. Great report. Bissau in Guinea Bissau. Hassana

      • New Africa Business News, Staff Correspondent November 29, 2021 at 2:45 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Gabriel November 29, 2021 at 2:13 am Reply

      Thank you for the daily newsletters. Africa love New Africa Business News. Lusaka in Zambia. Gabriel

      • New Africa Business News, Staff Correspondent November 29, 2021 at 2:45 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Hassan November 29, 2021 at 2:16 am Reply

      Like to take this opportunity to congratulate new Africa business news for making it into Million readers club. Hard work always pay off. Cairo Egypt. Hassan

      • New Africa Business News, Staff Correspondent November 29, 2021 at 2:45 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Dola November 29, 2021 at 2:18 am Reply

      In the media business only the best would have Millions of readers. Thank you. Lagos in Nigeria. Dola

      • New Africa Business News, Staff Correspondent November 29, 2021 at 2:45 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    6. Yaw November 29, 2021 at 2:20 am Reply

      You are the best. Thank God you are not fake news. Great online newspaper. Accra Ghana

      • New Africa Business News, Staff Correspondent November 29, 2021 at 2:45 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    7. Sarah November 29, 2021 at 2:24 am Reply

      Making it to millions of readers globally is fantastic. Thank you. Oslo, Norway. Sarah

      • New Africa Business News, Staff Correspondent November 29, 2021 at 2:44 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    8. Sarah November 29, 2021 at 2:26 am Reply

      Richard thank you with your teams for a great year. We love your reports. Bristol, England. Sarah

      • New Africa Business News, Staff Correspondent November 29, 2021 at 2:44 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    9. Randy November 29, 2021 at 2:29 am Reply

      Thank you very much journalist Richard. I love new Africa business news. Pretoria in South Africa. Randy

      • New Africa Business News, Staff Correspondent November 29, 2021 at 2:44 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    10. Frank November 29, 2021 at 2:33 am Reply

      Thank you am a fan of this online newspaper, hope you have online newspaper in each of our 54 countries very soon. That’s our prayers and God willing that would happen soon. Nairobi in Kenya. Frank

      • New Africa Business News, Staff Correspondent November 29, 2021 at 2:44 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    11. Andre November 29, 2021 at 2:36 am Reply

      Yes that going to be great for this media to have online newspaper in each of our countries. I love that idea. Let’s make it happen. Thank you for the reports. Harare in Zimbabwe. Andre

      • New Africa Business News, Staff Correspondent November 29, 2021 at 2:44 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    12. Willy November 29, 2021 at 2:40 am Reply

      Congrat for having millions of readers. Mama Africa loves you. Fan of Richard and thanks for covering all corners of our beautiful Continent. Johannesburg in South Africa. Willy

      • New Africa Business News, Staff Correspondent November 29, 2021 at 2:43 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    13. Barbara Ofosuhene November 29, 2021 at 4:21 pm Reply

      Thanks for reporting on this. Barbara, Ghana

      • New Africa Business News, Staff Correspondent November 30, 2021 at 7:59 pm Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

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    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development

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