Dangote eyes 500,000-tonne cocoa deal in Ghana

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Nigerian industrialist Aliko Dangote is in talks with Ghana’s government for a deal to process 500,000 tonnes of cocoa locally, says Finance Minister. Read More:…

Nigerian industrialist Aliko Dangote is in discussions with the Ghanaian government over a proposed arrangement to process 500,000 metric tonnes of cocoa locally, Ghana’s Finance Minister, Dr Cassiel Ato Forson, has said.

Forson disclosed this during an interview on PM Express, a current affairs programme on Ghanaian news channel Joy News, on Thursday, saying Dangote had personally contacted him and President John Dramani Mahama to express interest in making Ghana a hub for cocoa processing.

The minister said the proposed deal could help Ghana achieve its ambition of processing more than half of its cocoa locally by 2028.

“A major businessperson operating in the sub-region has reached out to me to sign a contract for 500,000 metric tonnes of cocoa value addition here in Ghana to process it locally in Ghana.

“I think it would not hurt if I mentioned Dangote has reached out to use Ghana as a hub to process cocoa locally.

“He reached out to me. He reached out to His Excellency the President. He’s ready to come to Ghana,” he said.

Forson, however, said discussions were still ongoing, with the terms of the proposed arrangement yet to be concluded and a contract yet to be signed.

The disclosure comes as Ghana steps up efforts to process more of its cocoa beans domestically rather than export them largely in their raw form.

Presenting the country’s 2027 budget to Parliament, Forson announced a target to process at least 50 per cent of Ghana’s cocoa locally by 2028 and increase the proportion to 100 per cent by 2030, Joy News reports.

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