Accra, Ghana — President John Dramani Mahama has named Prof. William Coffie as the Acting Managing Director of the Cocoa Processing Company Limited (CPC)..
Â
This important appointment comes at a critical moment for the CPC, a key part of Ghana’s cocoa value chain, as it grapples with major financial and operational difficulties..
Prof Coffie is a distinguished financial economist, chartered accountant, and chartered marketer, bringing over two decades of extensive expertise in accounting, finance, investment, and economics.
📢 GET A DETAILED ARTICLES + JOBS
Join ASJ's WhatsApp Channel and never miss a post or opportunity.
He is currently a Professor of Accounting and Finance and serves as the Head of the Department of Accounting at the University of Ghana Business School.
He used to work as a senior lecturer at the University of Wolverhampton, a lecturer at Birmingham City University, and a visiting professor at Hong Kong City University.
His academic credentials include a PhD in Financial Economics from Birmingham City University, UK, alongside advanced degrees in finance, accountancy, and marketing, gained from institutions across Europe, Asia, and Africa.
Prof Coffie shares a deeply personal connection with the Ghana cocoa industry that spans generations. His grandfather was a founding staff member of the Ghana Cocoa Marketing Board (CMB), now Ghana Cocoa Board (COCOBOD), in 1948.
His father continued this legacy, serving as a Depot Manager for the Cocoa Marketing Board in Sefwi Awaso from 1967. Other family members have held leading roles within the industry.
Prof Coffie himself cultivated his first cocoa farm in 1994, grounding his academic and policy insights with firsthand agricultural experience.
This appointment comes as CPC grapples with a history of reported losses and severe operational difficulties.
As the company responsible for transforming cocoa beans into semi-finished and finished products, its revitalization is urgent to regain profitability, modernize infrastructure, and expand market reach.
Prof Coffie is uniquely positioned to lead this turnaround. As part of his research works, he has conducted in-depth investigations into the financial and operational challenges of both COCOBOD and CPC.
With a solid track record in financial leadership, strategic management, and resource mobilization—evidenced by his achievements in securing grants, driving transformative projects at the University of Ghana, and providing consultancy for esteemed organizations like the African Development Bank and Ministry of Finance—he is perfectly suited to lead CPC toward sustainable growth and profitability.
Last Updated on March 22, 2026 by Samuel Kwame Boadu
Disclaimer: Some content on Accra Street Journal may be aggregated, summarized, or edited from third-party sources for informational purposes. Images and media are used under fair use or royalty-free licenses. Accra Street Journal is a subsidiary of SamBoad Publishing Hub under SamBoad Business Group Ltd, registered in Ghana since 2014.
For concerns or inquiries, please visit our Privacy Policy or Contact Page.
Samuel Kwame Boadu is a Ghanaian media entrepreneur and storyteller with a passion for amplifying urban voices and uncovering everyday truths. He is the Editor-in-Chief and Founder of Accra Street Journal, a dynamic digital platform dedicated to capturing the pulse of Ghana’s capital—its people, culture, challenges, business, sports and innovations.
