The Cocoa Processing Company says it will have to use beans from outside Ghana in the production of its chocolates. Managing Director, Richard Armah Tetteh explained to Joy Business the high price of the produce is making it increasingly unprofitable to use the local beans alone in production. He said it made business sense for the company to reduce its production cost by sourcing relatively cheap cocoa beans from elsewhere. “Worldwide nobody processes only Ghana beans and makes enough [profit] margins because” Ghana’s beans is the most expensive cocoa beans you can get anywhere in the world, he stated. He however maintains the company will not compromise on the quality of its products. The move is seen as some of the measures CPC is putting in place to improve its bottom-line. It recorded yet another poor year with a loss of 12.5 million Ghana cedis for last year. Source: Joy Business/Ghana