CMC secures Gulf offtake deals to support Mahama’s 50% local cocoa processing mandate
The Cocoa Marketing Company (CMC) Ghana Limited has secured export commitments from buyers in the United Arab Emirates (UAE) and Saudi Arabia for Ghana’s semi-finished cocoa products, strengthening the commercial outlook for President John Dramani Mahama’s plan to process at least 50% of the country’s cocoa locally.
Saudi Arabia’s rapidly growing confectionery and food manufacturing sectors are expected to create new opportunities for Ghana’s value-added cocoa exports while supporting the country’s efforts to capture a greater share of the global cocoa value chain.
Anchoring cocoa supply within Saudi Arabia’s food-security and economic-diversification agenda gives Ghana a strategically aligned, long-term buyer for its semi-finished products.
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