Nana Agyenim-Boateng, the Managing Director of the Cocoa Processing Company (CPC), has announced that the government of Ghana has given the company $3million stimulus to expand its operation.
He said the package is intended to help the company expand its operations to produce more products for the growing market.
Mr Agyenim-Boateng told Alfred Ocansey on the Sunrise Show on TV3 Tuesday May 12 that the government extended this support to the company before the outbreak of the coronavirus pandemic.
“This is a time where the president is talking about value addition that is why he is pushing us with the support of the Minister of Food and Agriculture Dr Afryie Akoto. Now they have given us a stimulus package of 3million dollars, it came even before this COVID-19.”
He added “Because we were getting on with the school feeding programme, by extension they have given us this stimulus package to open up to do more.
“The package is opening additional plant for the powder section. What we have now, started being used from the Kwame Nkrumah time. Now with the increasing demand you need to do products which you can deliver to millions of people.”
He added that the plan of CPC is to produce most of the cocoa products that are imported into the country
“We got to the minister as to how we can use cashew and tiger nuts to make spread and almonds.
“These are all products that, hitherto used to come from outside, but now, we do spread on your bread, on your almond locally,” he said.