Cocoa beans are found inside an outer husk; 60% of the cocoa fruit is the outer husk, which is a waste biomass. The husk cannot be used directly as a soil amendment as it promotes the fungal black pod disease, which reduces crop yield. The pods are segregated from the trees, and their plant nutrient value is wasted. This is particularly true for the small acreage farmers in West Africa. Cocoa pod husk is well suited to be used as a biomass source for electricity production. The waste ash is rich in potassium, which can be converted in various chemical products, most notably, high-purity potassium carbonate. This study reviews the information known about cocoa and cocoa pod husk, and considers the socio-economic implications of creating a local economy based on collecting the cocoa pod husk for electricity production, coupled with the processing of the waste ash into various products. The study demonstrates that the concept is feasible, and also identifies the local conditions required to create this sustainable economic process.