COCOA PROJECT

COCOA PROJECT

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;

PHASE ONE
PHASE TWO
Cocoa Project - Phase 1 Cocoa Project - Phase 2
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