Audio By Carbonatix
Global commodities trader Cargill says it is investing more than $113 million to expand its cocoa processing facilities in the Ivory Coast and Ghana, creating 85 direct and hundreds of indirect jobs.
Cargill, one of the world’s largest agricultural traders, said it is also investing $12.3 million to expand sustainability and supply chain tracing programmes in the West African nations.
Ivory Coast and Ghana produce some two-thirds of the world’s cocoa, but their industry is blighted by poverty, child labour and deforestation. Decades of industry efforts to source sustainably have done little to change this reality.
“We aim to shift a greater share of our global grinding activities to the countries of origin, so we can support the establishment of a broader, local agri-food industry,” Lionel Soulard, managing director Cargill West-Africa, said in a statement.
Going up the value chain by expanding cocoa processing is a major objective for the Ivory Coast and Ghana governments, as selling processed or semi-processed cocoa products is more lucrative than exporting the raw material.
Latest Stories
-
AG to update Ghanaians on Ofori-Atta case, cybercrime recoveries today
44 seconds -
Republic bank staff wins GHC 100,000 MTN mobilemoney “Still Me Nsaka” promo
5 minutes -
MTN Mobile Money to undergo nationwide agent re-registration in 2026 to curb fraud
8 minutes -
GNFS to launch nationwide vehicle fire-extinguisher compliance drive
10 minutes -
AFCON 2025: The best arrival photos ahead of tournament commencement
10 minutes -
First Atlantic Bank PLC marks major milestone with oversubscribed IPO and upcoming GSE listing
30 minutes -
Trade Minister meets tomato traders and transporters to resolve the sector’s challenges
39 minutes -
African Summit 2025 opens in Accra
47 minutes -
MultiChoice Ghana rewards DStv premium subscribers with UK Premier League experience
1 hour -
Three GCTU scholars named among world’s top 2% scientists
1 hour -
IMF Executive Board completes the fifth review under the extended Credit Facility arrangement with Ghana
1 hour -
Dr. Zaato criticises government for sending engineers abroad while local projects stall
1 hour -
Today’s Front pages: Thursday, December 18, 2025
2 hours -
Let’s rally behind Bawumia to rebuild and reclaim power in 2028 – Opoku Prempeh to NPP faithful
2 hours -
UK and Ghana co-host African Development Fund 17 Pledging Conference in London
2 hours
