CPC strengthens collaboration with Chinese ACCRACO 

The Cocoa Processing Company (CPC) has strengthened trade ties with Hunan Accra Cocoa Food Trading Company Limited (ACCRACO), a move aimed at increasing the supply of semi-finished cocoa products from Ghana to China. 

ACCRACO serves as the main distributor and intermediary between CPC and several other key players within China’s cocoa value chain, particularly in areas of packaging, warehousing, and shipping. 

The strengthening trade collaboration formed part of a working visit by a Chinese delegation from ACCRACO, one of CPC’s business partners based in China, to the processing company. 

The visit was to consolidate ongoing trade relations in the export of semi-finished cocoa products. 

As part of the collaboration, a Cocoa Product Purchase and Supply Agreement was signed between the two companies to symbolise the launch of a firm, a long-term commitment to trade for the Portem and Goldentree brands. 

The delegation, led by Yin Yingjie, the Deputy Director in charge of Commerce for Yiyang City in the Hunan Province of China, expressed optimism about the partnership, noting that the China–Ghana Cocoa Cooperation Agreement will not only strengthen trade relations but also expand CPC’s market share in China and the wider Asian market for semi-finished cocoa products. 

Ms. Yin Yingjei added that the cooperation would ensure that more of CPC’s semi-finished cocoa products enter the Chinese market to support both state-owned and private enterprises involved in cocoa value addition and related processing activities. 

Professor William Coffie, the Managing Director of CPC, receiving the delegation, expressed delight at the growing partnership, describing it as one with short-, medium-, and long-term business prospects. 

He said CPC was committed to its new turnaround strategy, which seeks to eliminate trade bottlenecks and pave the way for greater capital flow and strategic partnerships aimed at boosting CPC’s market presence in China. 

He added that the CPC remained committed to building sustainable global partnerships, noting that the cooperation with ACCRACO presents an important opportunity to scale up the company’s exports, deepen value addition, and strengthen Ghana’s position in the international cocoa market. 

Source: GNA 

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