GHANA – Ghana’s Cocoa Processing Company Limited (CPC) has announced new board of members as the company seeks to capitalize on the cocoa sector to improve its sectors, reports Ghana News Agency.

The new board which was sworn into office by the Minister for Food and Agriculture, Dr Owusu Afriyie Akoto includes Mr Kwaku Owusu Baah (Chairman), Nana Agyenim Boateng, Mr Ben Abdullah Banda and Mrs Philomena Okyere.

Dr Owusu Afriyie charged them to work hard as a team and add value to cocoa and its products to make it profitable.

“The destiny of cocoa is in your hands, work hard and expose our cocoa and it products to attractive investors, so that we can increase our output and earn more,” the minister urged.

The nine-member board will also include Mr Emmanuel Ray Ankrah, Mr Joe Forson, Prof. Douglas Boateng, Mr Abdul Samed-Adams (Chairman, CPC Workers’ Union) and a representative from the Ministry of Finance whose name has not been mentioned.

Mr Emmanuel Ray Ankrah, is also the Deputy Chief Executive in charge of Finance & Administration, COCOBOD while Mr Joe Forson also holds the position of Managing Director of the Cocoa Marketing Company

Mr Kwaku Owusu Baah (Chairman of the Board) on behalf of the board commended the government for the confidence reposed in them to transform the CPC into a workable and profitable state-owned enterprise, and pledged to demonstrate professionalism through the company’s collective experience.

According to him, there lies a need for drastic policy measures to address issues of promoting domestic consumption of cocoa in the country which he said would help improve the country’s production in the cocoa value chain.

Mr Baah indicated that exports of raw cocoa beans over the years had not been helpful to the country of which statistics had proven.

The new chairman government’s call to add value to the country’s cocoa was significant since it would help the country earn more, hence the CPC could play a lead role to effect the change.

He said Ghana and Cote d’Ivoire produced 65% of world cocoa, but Ghana earns as low as US$3 billion annually, while the chocolate industry, a product of cocoa, valued over US$ 100 billion annually.