Cargill Doubles Sustainable Sourced Cocoa in Ghana, Benefitting 13,000 Farmers - Seite 2

Unusually for the Ghanaian market, the LBC is fully e-money enabled. This allows Cargill to pay farmers directly by electronic transfer, ensuring the money reaches the grower swiftly, safely and accurately.

Speaking at the payment ceremony, Pieter Reichert added: "It is our hope that our electronic payment model which has proven to benefit the farmers, will help encourage the government to fulfill its vision of a cashless economy."

Currently operating in seven districts of the Western North (Awaso, Anhwiaso, Wiawso, Asawinso) and Ashanti (Effiduase, Nyinahin and Ampenim), the success of the LBC has led to four further districts joining the initiative for the next crop season.

About Cargill  

Cargill's 155,000 employees across 70 countries work relentlessly to achieve our purpose of nourishing the world in a safe, responsible and sustainable way. Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need to thrive.

We combine 153 years of experience with new technologies and insights to serve as a trusted partner for food, agriculture, financial and industrial customers in more than 125 countries. Side-by-side, we are building a stronger, sustainable future for agriculture. For more information, visit Cargill.com and our News Center.

About Cargill in Ghana 

Cargill has been buying cocoa from Ghana for over 40 years and in 2008 opened its state-of-the-art cocoa processing facility in Tema. Today the company has over 400 permanent and contracted employees processing cocoa products to service food and confectionary customers locally and around the world. Additionally, our animal nutrition business provides aqua feed which is supporting Ghana's tilapia fish industry. In 2016 we added a licensed buying company (LBC). Our LBC operations bring innovative ways to trade with our farmers placing emphasis on our sustainability and traceability efforts and build on our long-term commitment to the country and our relationship with the government.

About the Cargill Cocoa Promise
The Cargill Cocoa Promise launched in 2012 to align efforts in origin countries. It is Cargill's commitment to improving the livelihoods of farmers and communities in a holistic way that will secure a thriving sector for generations to come. The origin countries include Brazil, Cameroon, Côte d'Ivoire, Ghana and Indonesia.

Contact:

Floyd Jebson, [phone], [e-mail] 

Wendy Sleight, [phone], [e-mail]