Cocobod, Genertec to build CDB-financed processing factory

Ghana's Cocobod has signed an agreement with the China General Technology Group (Genertec) to set up a cocoa processing factory in Ghana.

The factory, which will be located at Sefwi-Wiawso in the Western Region, will be operated by Cocobod and Genertec through a Public Private Partnership.

Implementation of the plan for the construction of the cocoa processing factory will involve the China International Development Operating Agency, with funding from the China Development Bank and the Sino-African Fund.

Cocobod said the project has the potential to grant Ghana access to the huge Chinese market.