Afarinick, a leader in landscape restoration and farm management; CJ Commodities, a licensed Ghanaian cocoa buying company with a 10% market share in the 2024/25 season; and Oman Carbon, a pan-African Carbon Project Developer, announced the signing of a landmark Memorandum of Understanding (MoU) at the Africa-Singapore Business Forum (ASBF) 2025.
The agreement launches four scalable carbon projects: agroforestry, clean water, clean cookstoves, and biochar, which are embedded directly within Ghana's cocoa value chain.
Together, the three partners are positioning Ghana's cocoa sector as a new frontier for high-integrity, Paris-aligned carbon assets. "This MoU signals the maturation of Africa's carbon markets," said Kwabena Boamah, Director of Oman Carbon. "By structuring climate-smart cocoa projects under internationally recognised carbon methodologies, we are delivering measurable and tradeable credits at scale aligned with both investor expectations and community needs. "Cocoa is the backbone of Ghana's economy, but its long-term sustainability depends on climate resilience," said Joe Forson, CEO of CJ Commodities / Afarninick Company Limited. "By embedding carbon finance into our vertically integrated operations, we are proving that cocoa can generate both export revenues and high-quality, verified carbon credits." Over the next 10 years, the projects are expected to generate: 4.0 million tCO₂e removals → ≈ US$50-80 million.
Oman Carbon will lead project structuring, utilising its partner ecosystem for Monitoring, Reporting and Verification (MRV) and carbon market placement.
