- CPC Names Prof William Coffie as Managing Director in Governance Shake-Up
Cocoa Processing Company PLC has announced sweeping leadership changes, including the appointment of Professor William Coffie as Managing Director, two Deputy Managing Directors and a newly constituted Board of Directors, as the company seeks to strengthen governance and restore operational efficiency.
The changes, disclosed in circulars to shareholders and the investing public dated May 12, 2026, come after the Government of Ghana, a major shareholder in the company, approved key leadership changes to improve the governance and operational performance of the listed cocoa processor.
According to the circular, Prof William Coffie has been appointed Managing Director of CPC. Mrs Fatimah Amoadu has been named Deputy Managing Director for Finance and Administration, while Mr Osei Kwame Griffiths has been appointed Deputy Managing Director for Operations.
The appointments take effect from August 6, 2026, with the new leadership expected to drive operational efficiency, improve financial performance and reposition the company for sustainable growth.
CPC also announced the constitution of a new Board of Directors to oversee the strategic direction of the company.
The new Board will be chaired by Naa Dr Alhassan Andani, a banker and former Managing Director of Stanbic Bank Ghana. Other members include Prof William Coffie, who will serve as Managing Director and Board member; Hon Richard Kwame Sefe, politician and Member of Parliament; Hon Charles Bawaduah, politician and Member of Parliament; and Hon Haruna Seidu, also listed as politician and Member of Parliament.
The Board further includes Mr Gideon Koku Abotsi, lawyer; Mr Greg Quarshie, accountant; Dr Wisdom Dogbey, investment banker; Mr Ato Boateng, chartered accountant; and Mr Adams Abdul Samed, whose profession is listed as quality assurance.
In a separate circular on the company’s top management structure, CPC listed Prof Coffie as Managing Director with PhD and MBA qualifications and experience as Head of Department at the University of Ghana Business School and Managing Director.
Mrs Amoadu is listed as holding an MPhil in Social Work, BSc in Consumer Science and an Executive Masters in ADR, with experience as a food safety inspector and private entrepreneur. Mr Griffiths is listed as holding qualifications in artificial intelligence, accounting and finance, public administration, computer information systems, and mathematics and statistics. His experience includes senior IT professional roles, biometric and identity management expertise, repair and maintenance planning with the US Navy, the National Y2K remediation project and design work on the Ghana National Identification System.
The appointments mark an important moment for CPC, one of Ghana’s most recognisable cocoa-processing institutions, but also a company that has struggled for years with operational and financial pressures despite the country’s position as one of the world’s leading cocoa producers.
For shareholders, the leadership reset will likely be read as an attempt to move CPC beyond recurring performance concerns and reposition it within a cocoa sector undergoing renewed policy attention, higher global cocoa prices and stronger debate over local value addition.
The appointment of a university professor and chartered accountant as Managing Director, alongside finance, operations, governance and investment expertise on the Board, suggests an effort to balance academic, financial, political and technical experience within the company’s leadership structure.
CPC’s turnaround will require more than changes in titles. It will demand clearer commercial strategy, stronger cost discipline, reliable working capital, plant efficiency, stronger export positioning and improved accountability to shareholders.
The company’s future also sits within a larger national question: whether Ghana can capture more value from cocoa beyond raw bean exports. Successive governments have spoken about expanding processing, branding and chocolate manufacturing as part of industrialisation. Yet companies such as CPC have often struggled to convert that national ambition into sustained profitability.
The new leadership therefore inherits both an opportunity and a burden. Global cocoa markets have been reshaped by supply pressures, high prices and renewed attention on producer-country value capture. Ghanaian processors could benefit if policy, financing, production efficiency and market access are properly aligned.
But CPC must first prove that its internal structure can support a credible turnaround.
For investors, the announcement signals that government is seeking to reset governance at the company. The market will now watch whether the new Board and executive team can translate that reset into improved financial performance, operational recovery and long-term shareholder value.
