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COCOAMAG

The institutional voice for Ghana's cocoa marketers

COCOAMAG is the institutional authority representing Licensed Buying Companies and allied cocoa value-chain actors nationwide.

Chamber of Cocoa Marketers – Ghana official seal

Vision Statement

To be the authoritative and credible institutional voice of Ghana's cocoa marketers, driving a resilient, transparent, and globally competitive cocoa industry that balances stakeholders' welfare with long-term sustainability.

Mission Statement

To represent, support regulation, and strengthen licensed cocoa buyers and allied cocoa and chocolate entities through effective policy advocacy, enforceable standards, sustainable financing frameworks, and strategic partnerships that enhance Ghana's cocoa value chain locally and globally.

Our Pillars

Impact Pillars

Drawing lessons from successful business chambers and best practices, the Chamber shall be anchored on five strategic pillars:

  1. 01

    Policy Leadership & Advocacy

    • Serve as the formal negotiating platform with COCOBOD, the Government, and other regulators, where licensing and related permits for players in the cocoa value chain shall be tied to active membership with the Chamber.
    • Advocate for transparent pricing, financing reforms, and risk-sharing mechanisms.
    • Provide unified industry positions on legislation, taxation, and sustainability rules.
  2. 02

    Standards, Compliance & Integrity

    • Enforce codes of conduct, payment discipline, and ethical buying practices.
    • Monitor member compliance and apply graduated sanctions where necessary.
    • Protect the collective reputation of licensed cocoa marketers.
  3. 03

    Financial Sustainability & Market Stability

    • Support members in accessing financing solutions.
    • Promote risk mitigation and liquidity management best practices.
    • Ensure the continuous reduction of systemic payment delays and arrears across the value chain, and initiate steps to pay interest in the event of delayed payments.
  4. 04

    Global Positioning & Environmental, Social and Governance (ESG)

    • Align members with international traceability, ESG, and certification standards.
    • Act as a recognized counterpart to international buyers, donors, and partners.
    • Strengthen Ghana's cocoa brand and competitiveness.
  5. 05

    Farmer Relations & Industry Trust

    • Promote fair treatment of farmers and prompt payment norms.
    • Establish grievance and dispute-resolution mechanisms.
    • Support initiatives that strengthen farmer loyalty to licensed channels.

Governance

Governance Framework

The governance framework mirrors the Council–Board–Committee model and seeks to ensure legitimacy, accountability, and operational effectiveness.

Membership

Membership Structure

Membership shall be restricted, structured, and enforceable—reflecting the regulated nature of cocoa value chain and marketing.

Membership Categories

  1. a

    Represented Member Companies (Licensed Cocoa Buyers)

    • Must be a body corporate incorporated under Ghanaian law.
    • Must possess a valid Cocoa Buying License.
    • Must operate in defined cocoa districts for at least one year.
    Represented Level A Members
    • Licensed cocoa buyers with total assets not less than a threshold determined by Council.
    • Larger market participants with proportionate voting weight and subscription obligations.
    Represented Level B Members
    • Licensed cocoa buyers with assets below the Level A threshold.
    • Smaller or indigenous buyers with scaled subscription and levy obligations.
  2. b

    Grinding & Processing Members

    • Registered/Licensed cocoa grinders and processors in the value addition phase.
    • Become Represented Members one year after commencement of licensed operations.
  3. c

    Artisanal Members

    • Corporations operating in the artisanal or authorized cocoa buying space.
  4. d

    Affiliate Member Companies

    • Corporations supplying goods and services to the cocoa marketing industry.
  5. e

    Associate Institutions

    • Institutions involved in promoting the cocoa industry (transport and haulage, research, finance, development).
  6. f

    Associate Members (Individuals)

    • Owners, managers, or professionals of good standing beneficial to the Chamber.
  7. g

    Honorary Members

    • Former members or industry contributors with meritorious service (up to five years).
  8. h

    Life Members

    • Individuals with exceptional long-term service to the cocoa marketing industry.

Members

Rights and Obligations of Members

Rights

  • Participation in General Meetings.
  • Access to Chamber services, training, and advocacy platforms.
  • Voting rights reserved primarily for Members in Good Standing.

Obligations

  • Timely payment of subscriptions and levies.
  • Compliance with Chamber rules, standards, and codes of conduct.
  • Provide annual volumes of trading and other relevant reports where necessary.

Admission

Admission and Exit Criteria

  1. 01

    Applications submitted formally to the Chief Executive Officer.

  2. 02

    Vetting by the Executive Committee; appeals to Council where necessary.

  3. 03

    Council decisions on admission are final.

  4. 04

    Non-payment of subscriptions beyond prescribed notice periods leads to termination.

Engage the Chamber

Represent your organisation within Ghana's cocoa ecosystem

Membership is open across the cocoa value chain — from licensed buyers and processors to the financial and development partners that support them.