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
-
Turning invitations into arrests is making citizens reluctant to assist police – Twumasi Ankrah
12 minutes -
The Traffitech-GH SMS spot-fine system: The good, the sad, and the funny – Bright Simons writes
24 minutes -
Hawa Koomson pledges experienced and mature leadership of NPP women’s wing
2 hours -
Young woman found dead at Kasoa Peace Town
2 hours -
Playback: The Law examined lawful arrest in Ghana
2 hours -
Mahama urges African governments to treat healthcare as an investment, not budget cost
3 hours -
Bawumia congratulates John Boadu and new NPP executives, pledges support ahead of 2028
3 hours -
Aksa Energy delegation pays courtesy call on GRA Commissioner-General
3 hours -
‘No talent should be left out’ – Bawumia pledges inclusive NPP campaign for 2028
3 hours -
Prof. Mike Oquaye recounts how he blocked the Special Prosecutor’s attempt to arrest Bawku Central MP
3 hours -
Make health sovereignty a priority for Africa – Mahama
4 hours -
Dorimon Naa, Wa West DCE lead massive clean-up exercise; threaten sanctions against recalcitrant residents
4 hours -
Photos from Adom FM Y2K Jam
4 hours -
Praye Tiatia steals the show at Adom FM Y2K Jam [Watch]
4 hours -
Boakye Agyarko congratulates John Boadu, pledges support for NPP leadership
4 hours