Audio By Carbonatix
Ghana’s largest cocoa producer is building a new chocolate factory in Wisconsin, part of increasing economic cooperation between the West African nation and the United States.
Niche Cocoa Founder and CEO Edmund Poku told an October 4 launch event that the company selected Franklin, Wisconsin, for its new facility to improve access to U.S. markets and because of the Milwaukee suburb’s proximity to dairy producers.
“The U.S. became a natural choice for expansion, given the market size and potential, to develop both semi-finished products and also selling more products up the value chain such as chocolates,” Poku said, announcing plans for the facility, according to the Milwaukee Business Journal.
The $30 million, 4,000-square-meter facility is one of the largest investments by an African food and beverage company in the United States. The factory will process cocoa cake from Ghana into cocoa powder, which can combine with Wisconsin dairy to make chocolate drinks. “We can serve a lot of people, especially schoolchildren,” Poku said. “Once you produce the powder, there are a lot of milk factories already” in the area.
U.S. Under Secretary of Commerce for International Trade Marisa Lago called Niche’s investment “historic” and a “milestone” in U.S.-Ghanaian economic cooperation.
“We look forward to watching Niche Cocoa grow and thrive here as it shares Ghana’s delicious bounty with Americans and the world,” she said at the October 4 event.
The new facility will increase Niche’s access to U.S. markets and opportunities to partner with local businesses, while employing more than two dozen workers and adding to U.S. knowledge of chocolate production.
Ghana is the world’s second-largest cocoa-producing country after neighboring Côte d’Ivoire. Ghana’s exports to the United States totaled $1.7 billion in 2021. Cocoa, along with oil and gold, makes up much of that trade, according to the Office of the U.S. Trade Representative (USTR).
The United States invested $1.6 billion in Ghana in 2019, according to the USTR, with U.S. exports to Ghana totaling $840 million that year.
The United States is working to further cooperation with African nations, including Ghana. In April, the U.S. Embassy in Accra and the American Chamber of Commerce–Ghana launched the 2022 SelectUSA Summit recruiting program to attract Ghanaian companies interested in investing in the United States.
December 13–15, President Biden will host the U.S.-Africa Leaders Summit in Washington to advance shared economic, climate and security priorities.
“The Summit will demonstrate the United States’ enduring commitment to Africa, and will underscore the importance of U.S.-Africa relations and increased cooperation,” Biden said in a statement.
Latest Stories
-
Ablakwa says Ghana could evacuate more citizens from South Africa if the situation worsens
11 minutes -
Violence against girls must be tackled through individual responsibility – Gender advocate
15 minutes -
Ghana’s BRICS bid must be guided by national interest – International Affairs Analyst
28 minutes -
Journalists look back on a decade of breast cancer reporting in Ghana
1 hour -
President Mahama ends Resetting Ghana tour of Ahafo Region
3 hours -
African negotiators seek delivery of climate commitments at COP31
3 hours -
BoG develops AI rules for financial sector
3 hours -
‘Big Push’: Government assures contractors of prompt payments
3 hours -
Court fines miner for breaking into gold buying shop
3 hours -
Tarkwa court jails labourer for three years over GH¢123,000 theft
4 hours -
GAEC must retain nuclear scientists for Ghana’s nuclear ambitions – Minister
5 hours -
Man reportedly mistaken for game and shot by hunter dead in forest
5 hours -
19-year-old mason jailed 15 years for defiling seven-year-old pupil
5 hours -
Ghana’s banking sector assets rise 20.47% to GH¢500.2bn – BoG Governor
5 hours -
22 injured as Sprinter bus overturns at Sege after tyre burst
5 hours