The project aims at migrating payments for cocoa from complete cash based to an electronic platform using e-zwich. This initiative was in response to COCOBOD´s request for a better payment system that reduces the risk associated with bulk cash movement to farming areas for cocoa purchases. The e-zwich payment system also allows for accurate financial reporting on cash movements from the head office of a Licensed Buying Company right down to the farmer.

The project began on a pilot base in the Volta region in 2012 with PBC limited and proved successful. Another pilot is being staged in Sefwi Wiawso in the Western region with all the 12 Licensed Buying Companies (LBCs) participating.

In the first phase of the project, the cash movement process is demonstrated below;

Cocoa Project - Phase 1 Cocoa Project - Phase 2
  • Current News & Events
    • new
      Foreign remittance to bank accounts and e-zwich cards now a reality in Ghana
      Recipients of foreign remittance can now opt to have the money paid directly to their bank account.... read more»
    • new
      Six government programmes use e-zwich for transparency
      Some six government social interventions and programmes have since June adopted e-zwich.... read more»
    • new
      Banks need standards to deepen fight against electronic fraudsters
      The Chief Executive Officer of Ghana Interbank Payment and Settlement System (GhIPSS) ... read more»
    • new
      Patronage for Express Clearing of cheques up 80 per cent
      Patronage of people opting for express clearing of cheques has gone up by almost 80 per cent ... read more»
    • new
      LEAP Secretariat to make 43rd Cycle payments in August
      The Livelihood Empowerment Against Poverty (LEAP) Programme, will commence its... read more»
    • new
      GhIPSS to host Instant Pay User engagement
      The Ghana Interbank Payment and Settlement Systems (GhIPSS) will on Thursday ... read more»
    • new
      e-zwich helps flush out 35,000 ghost names from payroll ůsaves Gov't GH¢146m
      The implementation of the e-zwich payment system last year by the Ghana National Service Scheme .... read more»
    • new
      Government urged to use e-zwich platform for salaries
      Government could save much money if it takes the bold step to pay workers on its payroll via the e-zwich platform, Mr. Archie Hesse... read more»