Business & Economy

CMC engages with West Africa Mills Company ahead of implementation of government reforms

admin•30 Mar•433 words · 3 min read

Summary

Cocoa Marketing Company (CMC) engaged with West Africa Mills Company (WAMCO) ahead of the implementation of government reforms. Dr. Wisdom Kofi Dogbey, Managing Director of the Cocoa Marketing Company (CMC), visited West Africa Mills Company (WAMCO) to evaluate the readiness of cocoa processing companies for the government's recent announcement mandating that at least 50% of cocoa be processed locally.

The reform encompasses CMC's own Project Elevate, aimed at transforming raw cocoa into semi-finished products for export. Dr. Charles Amoah conducted a thorough assessment of WAMCO's processing capabilities, infrastructure and operational readiness. The visit included discussions with WAMCO executives about production targets, pricing, demand and investments in technology and quality certifications to support the transition. The Managing Director of the CMC stated, "It's crucial that we prepare our processing facilities to handle the increased capacity and quality standards that will come with this reform."

The Managing Director of the CMC emphasized the collaborative effort required from all stakeholders in the cocoa sector to ensure the successful implementation of the reform, adding, "This is not just a government initiative; it is a collective responsibility that requires the active participation of all stakeholders in the value chain." The visit to WAMCO marks a critical step in CMC's ongoing efforts to lead the charge in cocoa value addition and exportation.

Quick Summary

The Cocoa Marketing Company (CMC) is engaging with the West Africa Mills Company (WAMCO) - assessing readiness for government reforms mandating local cocoa processing. This proactive move hints at a significant shift in Ghana's cocoa industry - but what changes are on the horizon?

#CMC #WAMCO #cocoa processing #Ghana #reforms

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