Mondelez International commits to sourcing 100% of cocoa from Ghana

Must Read

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

GTBank Releases Q3 2019 Unaudited Results, Reports Profit After Tax of ₦146.99 Billion

Key Highlights  Gross Earnings decreased by 3.3% to N326.03bn from N337.27bn in Q3 2018 Profit before Tax increased by...

How to Get Noticed by Your Boss’s Boss

You’re bright. You have good ideas, insights, and the ambition to take on more. But you aren’t getting the...
- Advertisement -
- Advertisement -

Mondelez International, world’s leading chocolate company, through its Cocoa Life Sustainability Programme plans to increase its 40% cocoa sourcing from Ghana to 100% by 2025, reports Ghanaian Times.

The head of Cocoa Life Program in Ghana, Yaa Peprah Amekudzi said, “Mondelez International commits to secure 100 per cent cocoa volume for all chocolate brands through its Cocoa Sustainable Programme by 2025, we accept the challenge here in Ghana.”

To ensure the farmers produce cocoa of global standards, the chocolate maker commits to support the farmers by strategically enhancing their performance using modern and mechanised farming methods so they could produce in large scale to meet the demand of the global world.

“Cocoa Life has been supporting farmers in the country to ensure they enhance productivity by shifting from manual farming to a modernised or mechanised farming,” she stressed.

Read:  Ivory Coast could cut Cocoa taxes to raise price to producer

In this regard, Cocoa Life presented the first batch of 100 motorised trimmers worth US$1,000 to 50 farming groups to enhance their productivity.

In addition, 29,116 registered farmers in 334 cocoa communities received about 18 million Ghana cedis (US$3.28m) for the 2018/2019 crop year as sustainability premium to implement their development plans.

The premiums have helped farmers to develop their communities by building infrastructure including schools, clinics, accommodation for teachers and nurses, community recreational scholarships, factories and water wells.

“We would monitor and ensure that the money is used for its intended purpose as we need farmers to drive their own development and own every action that they take so that at the end of the day, quality cocoa bean would be produced in Ghana,” she stressed.

Read:  Traffic Alert: President Buhari To Visit Lagos Tuesday
Read:  AEC Calls for Industry Collaboration on Local Content Development

Through this, the company claims that cases of child labour have reduced as various amenities especially schools have been built within the farming communities and vehicles provided to convey the children to the schools.

Cocoa Life is a sustainable programme which assists cocoa-growing communities to strengthen their capacities by determining and achieving their own long-term goals geared towards driving economic development and prosperity.

According to Mondelez, 43% of its chocolate including Milka, Cadbury Dairy Milk, and Côte d’Or brands already carry the Cocoa Life logo, meaning they are made from cocoa that is sustainably sourced.

- Advertisement -

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

“Best Global Brands 2019” – Mercedes-Benz is once again the world’s most valuable luxury car brand

Mercedes-Benz further increased its brand value and is once again the world's most valuable luxury automotive brand. In the...

Owo Arugbo: Ekiti Begins N20,000 Payment To The Elderly As Monthly Stipend For Social Security Scheme

Ekiti State Governor, Dr Kayode Fayemi on Wednesday re-launched the social security Scheme for elderly citizens in the state with, a pledge to commit more...

Nestlé reports nine-month sales for 2019, revamps waters business as organic growth slows

Organic growth of 3.7%, with real internal growth (RIG) of 3.0% and pricing of 0.7%. Growth was supported by strong momentum in the...

GTBank Releases Q3 2019 Unaudited Results, Reports Profit before tax of ₦170.7 Billion

Guaranty Trust Bank plc (GTBANK) has released its unaudited financial results for the period ended September 30, 2019, to the Nigerian and London Stock...

More Articles Like This