{"id":1250912,"date":"2022-11-15T11:12:46","date_gmt":"2022-11-15T11:12:46","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/11\/15\/new-chocolate-factory-signals-deepening-u-s-ties-with-ghana\/"},"modified":"2022-11-15T11:12:46","modified_gmt":"2022-11-15T11:12:46","slug":"new-chocolate-factory-signals-deepening-u-s-ties-with-ghana","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/11\/15\/new-chocolate-factory-signals-deepening-u-s-ties-with-ghana\/","title":{"rendered":"New chocolate factory signals deepening U.S. ties with Ghana"},"content":{"rendered":"

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Ghana\u2019s 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.<\/p>\n

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\u2019s proximity to dairy producers.<\/p>\n

\u201cThe 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,\u201d Poku said, announcing plans for the facility, according to the Milwaukee Business Journal.<\/p>\n

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. \u201cWe can serve a lot of people, especially schoolchildren,\u201d Poku said. \u201cOnce you produce the powder, there are a lot of milk factories already\u201d in the area.<\/p>\n

U.S. Under Secretary of Commerce for International Trade Marisa Lago called Niche\u2019s investment \u201chistoric\u201d and a \u201cmilestone\u201d in U.S.-Ghanaian economic cooperation.<\/p>\n

\u201cWe look forward to watching Niche Cocoa grow and thrive here as it shares Ghana\u2019s delicious bounty with Americans and the world,\u201d she said at the October 4 event.<\/p>\n

The new facility will increase Niche\u2019s 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.<\/p>\n

Ghana is the world\u2019s second-largest cocoa-producing country after neighboring C\u00f4te d\u2019Ivoire. Ghana\u2019s 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).<\/p>\n

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.<\/p>\n

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\u2013Ghana launched the 2022 SelectUSA Summit recruiting program to attract Ghanaian companies interested in investing in the United States.<\/p>\n

December 13\u201315, President Biden will host the U.S.-Africa Leaders Summit in Washington to advance shared economic, climate and security priorities.<\/p>\n

\u201cThe Summit will demonstrate the United States\u2019 enduring commitment to Africa, and will underscore the importance of U.S.-Africa relations and increased cooperation,\u201d Biden said in a statement.<\/p>\n

DISCLAIMER: <\/strong>The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ghana\u2019s 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 […]<\/p>\n","protected":false},"author":1,"featured_media":1250914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[5211,10740,5242,85,7794,2894,18644],"class_list":["post-1250912","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-chocolate","tag-deepening","tag-factory","tag-ghana","tag-signals","tag-ties","tag-u-s"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1250912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1250912"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1250912\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1250912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1250912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1250912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}