Ghana’s Flagship Cocoa Processor CPC Set for West Africa Expansion
US$70 million Afreximbank facility to up output from 64,500t to 81,000t, with confectionary up from 3000t to 15,000t capacity
Management of the Cocoa Processing Company (CPC) has said the company has acquired the necessary certification to enable it to enter other markets in the sub-region.
As part of an all-inclusive programme, the CPC has employed about forty Senior High School students for its cocoa processing entrepreneurship programme which has also augmented revenue for the company.
CPC averagely spends about US$6.8 million a year on electricity, fuel and gas but the company has begun plans to venture into a biomass project where it will use cocoa pods husk and shells to generate power and steam.
Upon completion of this new project in the next five years, CPC will be paying US$2.5 million annually for power against the initial US$6.8 million a year.
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