Cocoa Processing Company strengthens export partnership with China’s ACCRACO 

GHANA – The Cocoa Processing Company (CPC) has reinforced its trade partnership with Hunan Accra Cocoa Food Trading Company Limited (ACCRACO) to increase the export of semi-finished cocoa products from Ghana to China.  

The move is expected to widen CPC’s market reach in Asia and support Ghana’s broader value-addition strategy in the cocoa sector. 

The enhanced collaboration follows a working visit to CPC by a Chinese delegation from ACCRACO, which serves as the main distributor and intermediary between CPC and major stakeholders in China’s cocoa supply chain.  

The delegation’s visit aimed to strengthen ongoing commercial engagements between the two companies. 

As part of the engagement, CPC and ACCRACO signed a Cocoa Product Purchase and Supply Agreement, formalizing a long-term trade arrangement for CPC’s Portem and Goldentree brands. The agreement is expected to support consistent product flow into China’s cocoa processing and value-addition market. 

The delegation was led by Yin Yingjie, Deputy Director for Commerce in Yiyang City, Hunan Province. He expressed confidence that the expanded partnership would enhance Ghana-China cocoa trade and increase CPC’s market share across China and the Asian region.  

Yin emphasized that the arrangement would facilitate the entry of more CPC semi-finished cocoa products into China to serve both state-owned and private processors. 

CPC Managing Director Professor William Coffie welcomed the development, describing the partnership as aligned with the company’s turnaround strategy.  

He stated that CPC aims to remove trade barriers, attract capital, and leverage strategic partnerships to strengthen its presence in China’s cocoa market.  

According to Coffie, the collaboration with ACCRACO offers significant short-, medium-, and long-term business potential while advancing CPC’s objective of boosting exports and enhancing value addition. 

Coffie reaffirmed CPC’s focus on building sustainable international partnerships and positioning Ghana more competitively in the global cocoa industry. He noted that deeper cooperation with ACCRACO represents a strategic step toward expanding export volumes and promoting Ghana’s cocoa-based brands globally. 

In August 2025, President John Dramani Mahama appointed Professor Coffie as Acting Managing Director of CPC to help revitalize the company and steer it toward profitability.  

However, CPC reported a net loss of US$10.23 million for the third quarter ended June 30, 2025, compared to US$9.57 million in the same period of 2024.  

Operating losses widened to US$7.29 million from US$6.94 million year-on-year, while revenue declined by 27 percent to US$16.16 million from US$22.20 million. 

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