COVAAGH CALLS FOR MORE SUPPORT FOR THE COCOA VALUE ADDITION SUB SECTOR
The Vice President of the Cocoa Value Addition Artisans Association of Ghana (COVAAAGH) Mrs. Dela Kuekey Austine, has called on policy makers and all other relevant stakeholders including the Ghana Investment Promotion Centre (GIPC) and the Ghana Cocoa Board to ensure that the Cocoa Value Addition organizations in the SME subsector of the Ghanaian economy receive more support for growth.
Mrs. Austine made this call during her address to participants at the first ever Cocoa Value Chain Investment Meeting organized by the Ghana Investment Promotion Centre (GIPC) in collaboration with the Gauteng Growth and Development Agency (GGDA), South Africa, under the theme: “Ghana’s Brown Gold: Sustaining Investments and Leveraging AfCFTA.
She took the opportunity to express the gratitude of COVAAAGH to the Ghana Investment Promotion Centre (GIPC) and Gauteng Growth and Development Agency (GGDA) for their great efforts in putting together such an august industry event and called for more support and an enabling environment for the growth and development of cocoa processors in the small and medium scale sub-sectors of the value chain into large processors to promote the economic growth of the country.
According to her, member companies of the association are well positioned and committed to take advantage of the opportunities that the African Continental Free Trade Area (AfCFTA) presents to Ghana and they look forward to building synergies to ensure that Ghana processes over 60% of the cocoa it produces in the country for export to South Africa and other parts of the continent.
She added that, “Currently, the over 40 members of the Association are into the production of the following cocoa derivatives: craft chocolate, chocolate bars, drinking chocolate powder, natural cocoa powder, cocoa nibs, cocoa butter, cocoa wine, cosmetic product made out of cocoa, cocoa husk tea, etc.”
She finally informed participants that COVAAAGH presents a huge potential avenue for increasing the processing of Ghana’s cocoa into other finished product whilst providing jobs, creating wealth and earning huge foreign exchange for the country and hence the need for government and all relevant stakeholders to show more interest in the SME subsector of the cocoa value chain and to throw their searchlight on their activities.
The meeting which witnessed many influential leaders and captains of the cocoa sector of the economy saw many members of COVAAGH exhibiting their unique and nicely packaged and exportable processed cocoa products.