Copyright thebftonline
By Evelyn ARTHUR, Tema A Chinese delegation from Accra Cocoa Food Trading Co. Ltd (ACCRACO), one of Cocoa Processing Company’s (CPC) business partners based in Hunan, China, has paid a working visit to CPC to consolidate ongoing trade relations in the export of semi-finished cocoa products. The collaboration aims to expand value addition and strengthen the country’s position in the global cocoa supply chain. The initiative also aligns with the government’s strategy to promote local processing and export of high-value cocoa products. The delegation, led by the Deputy Director of Commerce for Yiyang City in the Hunan Province, Yin Yingjie, expressed optimism about the partnership. He noted that the China–Ghana Cocoa Cooperation Agreement would not only enhance bilateral trade but also expand CPC’s market share in China and across the wider Asian market. According to Mr. Yin, the cooperation will facilitate the entry of more CPC semi-finished cocoa products into the Chinese market to support both state-owned and private enterprises engaged in cocoa value addition and related processing. Receiving the delegation, the Managing Director of CPC, Professor William Coffie, described the partnership as one with significant short-, medium- and long-term business prospects. He reiterated CPC’s commitment to its turnaround strategy, which seeks to eliminate trade bottlenecks, increase capital flow, and foster strategic partnerships to strengthen the company’s presence in the Chinese market. “CPC remains committed to building sustainable global partnerships. This cooperation with ACCRACO presents an important opportunity to scale up our exports, deepen value addition, and reinforce Ghana’s position in the international cocoa market,” Prof. Coffie said. ACCRACO serves as the main distributor and intermediary between CPC and several key players within China’s cocoa value chain, particularly in the areas of packaging, warehousing and shipping. As part of the collaboration, a cocoa product purchase and supply agreement was signed between the two companies, symbolising the start of a firm, long-term commitment to trade under the Portem and Goldentree brands.
