Nestlé cocoa plan rewards cocoa Farmers with premium
Over 17,615 farmers under the Nestlé Cocoa Plan (NCP) in Ghana are set to benefit from a GH¢5.2 million premium package.
The package is part of the company’s commitment towards developing thriving and resilient communities within its value chain.
A statement issued by Nestlé Corporate and Communications Affairs and copied to the Ghana News Agency said, effective July 2018, Nestlé through its implementing partners, Cocoanect and Ecom Agro industrial Corp Ltd would pay each farmer GH¢14 per certified bag, which is about 14.3 per cent increment on the GH¢12 paid in 2017.
It said the NCP falls under the Nestlé’s Creating Shared Value (CSV) approach, which brought business and society together, creating sustainable economic value that also produces wider benefits for society.
The statement said under the NCP, the company sought to improve the lives of cocoa farmers and the quality of their produce, in line with the company’s purpose of enhancing the quality of life and contributing to a healthier future.
It said Nestlé, was poised to help improve 30 million livelihoods of people directly connected to its business by 2030 through the Agricultural focused projects such as the Nestlé Cocoa Plan and the Nestlé Cereals Plan.
The statement said the increased premium payment would help motivate them to produce quality cocoa that would meet production standards, help increase local sourcing and contribute to developing the local economy.