Partner cocoa farmers of Cocoa Life Ghana, Mondelēz International’s sustainability program, will receive over 6 million dollars in premium payment for the 2020/2021 crop season.
This year’s total premium of $6,115,000 marks a 14 percent increment over the previous season’s $5,361,900.
All Cocoa Life Ghana’s forty-five thousand partner cocoa farmers in 6 of Ghana’s cocoa regions are expected to benefit from the incentive package. Premiums are cash bonuses paid to cocoa farmers in appreciation of their hard work.
According to Cocoa Life Ghana, have become very essential for farmers as they use the funds to improve the management of their farms by buying the required and approved chemicals and tools.
They also undertake community development works including refurbishing clinics in their districts, building bridges, mechanized boreholes, schools, storage for chemicals and other social amenities.
They also establish additional income generation businesses with the premium such as transportation, soap making factories, cocoa haulage, animal rearing, building offices for renting, among others.
With fifteen implementing partner organisations in both the public and private sectors, the Mondelez International Cocoa Life Program in Ghana has a presence in 576 cocoa-growing communities in the West African nation.
Officials say activities of the Cocoa Life Program are centered around three focus areas including sustainable cocoa farming business, empowered cocoa communities and conserved and restored forests.
In the area of environmental sustainability, the Country Lead for Cocoa Life Ghana, Yaa Peprah Amekudzi, identified some of their achievement as the distribution of 1.4 million economic trees to farmers, the establishment of two Community Resources Management Areas (CREMA) and the ongoing restoration of the Ayum Forest Reserve using Modified Taungya System and Payment for Ecosystem Services approach.
Also to achieve the sustainable cocoa farming business objective, Cocoa Life she noted, has to its credit the establishment of 12 fully functioning farmer cooperative unions and their 334 farmer cooperative societies.
Others are farmer training programs on good agronomic practices and climate smart cocoa production, the promotion of farm mechanisation and construction of social infrastructure.
In community empowerment, Cocoa Life Ghana catalogued the formation of 1500 Village Savings and Loans Associations in 300 communities, establishment of Women Enterprise groups, activation of Community Action Plans in over 550 communities, as well as the Ghana Child Labour Monitoring and Remediation System in place in over 500 communities as part of its achievements.