Dangote eyes 500,000-tonne cocoa processing deal in Ghana – Ato Forson
Nigerian billionaire and industrialist Aliko Dangote is seeking to establish a major cocoa-processing operation in Ghana, with a proposed arrangement that could involve the local processing of 500,000 metric tonnes of cocoa, Finance Minister Dr Cassiel Ato Forson has disclosed.
Nigerian billionaire Aliko Dangote is reportedly interested in setting up a massive cocoa-processing facility in Ghana, with a potential capacity of 500,000 metric tonnes, according to Finance Minister Dr Cassiel Ato Forson. The proposal was disclosed during Dr Forson's presentation of Ghana's 2027 Budget to Parliament.
In a conversation with Joy News' PM Express, Dr Forson revealed that Dangote had personally contacted both him and President John Dramani Mahama to express their interest in utilizing Ghana as a cocoa processing hub. The terms of the deal are currently under discussion, but if finalized, the project could significantly contribute to Ghana's goal of processing more than half of its cocoa locally by 2028.
Ghana aims to transform its economic landscape through a US$3 billion commercial agriculture program as part of its wider US$10 billion, four-year economic transformation plan. The government is pushing for a shift from exporting unprocessed cocoa beans to capturing a larger share of the value generated from the commodity.
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