Licensed cocoa buying company, Armajaro Ghana, is financing the construction of ten cocoa depots in selected towns in the Ashanti, Bono Ahafo, Western and Central Regions. The initiative is to standardize the company’s depots which among others will also serve as purchasing outlets for good quality cocoa seedlings and other inputs for farmers. Head of Administration, Seth Amoako Hammond, told Luv Business Report, the establishment of the farmers’ shops will save farmers the hustle of travelling to the cities to buy inputs. He said Armajaro, which is currently the third largest licensed buying company in Ghana, will continue to invest in farmers within its operational districts to increase cocoa yield. Mr. Hammond was opening one of such depots at Boako in the Western Region. Armajaro currently employs over 6,000 people, and has a supply network of 120 thousand farmers. The company’s license in the western corridors was withdrawn following revelation some of its staff were involved in cocoa smuggling. Mr. Hammond said the company appreciates the implication of smuggling to the Ghanaian economy and would do everything to prevent it. Source: Luv FM/Ghana