Root Capital, an impacting financing institution with the focus on supporting
agric value chain in farming, has collaborated with MasterCard Foundation and Kuapa Kokoo to provide financial literacy training for about 40 farm leaders to take farming as a business .
The training was also necessitated by the worry expressed by Cocobod of farmers not producing the required number of bags from an acreage of
Subsequently, the 40 trained farmers are expected to partner the various extension officers to implement the new mechanism to increase yield and help in Ghana's move of becoming the world's number producer of cocoa once again.
The Portfolio Manager, Anglophone West Africa, Francis Opoku-Mensah, said
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The Executive Secretary of Kuapa Kokoo, Nelson Adubofuor, said the industry was becoming more complex and it was important to position the farmers to meet future challenges.
"It is important to help farmers manage their own affairs financially so that they are not taken by events in future," he said.
The Adubofuor said beyond this, Kuapa Kokoo, a cocoa was putting in place measures to enhance their productivity.
He also urged one of the financiers MasterCard, to take up supporting young women in cocoa.