FC Barcelona and EBC Financial Group to Establish Official Foreign Exchange Partnership for the Next 3.5 Years

Originating from London, EBC Financial Group aims to build leadership in finance through becoming the Club’s official foreign exchange partner across Asia, Central and South America, the Middle East, Africa, and Oceania.

EBC Financial Group: Proud Official Partner of FC Barcelona
EBC Financial Group - Proud Official Partner of FC Barcelona
EBC Financial Group officially partners with FC Barcelona for a 3.5-year foreign exchange alliance.

BARCELONA, April 11, 2024 (GLOBE NEWSWIRE) — FC Barcelona and EBC Financial Group (EBC) are pleased to announce their partnership in the foreign exchange sector across multiple regions for 3.5 years, commencing today. This partnership designates EBC as FC Barcelona’s official Partner in Foreign Exchange, with coverage extending to regions including APAC, LATAM, the Middle East, and Africa.

This partnership marks a significant milestone for EBC, aligning the brand with the respected legacy and global reach of FC Barcelona. Under this exclusive agreement, EBC is granted the unique privilege to engage in specialized business activities within the foreign exchange domain. The partnership encompasses a range of services, including foreign exchange transactions, trading, brokering (including CFDs), and advisory services.

Through this alliance, EBC is set to innovate and inspire, drawing on the club’s rich cultural heritage and passionate fanbase to cultivate meaningful engagement and establish a lasting presence in key regions with a brand-new audience, fostering connections with a vibrant, global community that transcend traditional market boundaries. It is also an unparalleled opportunity to bring FC Barcelona closer to its partners, supporters, and Culers in these regions, alongside its global expansion strategy to grow and continue to lead the industry via exploring the right partners in different sectors.

EBC Financial Group, founded in the esteemed financial centre of London, is a comprehensive financial services group renowned for its expertise in online trading, asset management and investment consultation. With offices strategically located in prominent financial centres, such as London, Hong Kong, Tokyo, Sydney, the Cayman Islands, Singapore, Bangkok, Limassol, and more, EBC caters to a diverse clientele of retail, professional and institutional investors worldwide. Known for its institutional-grade trading environment, the group provides tailor-made financial brokerage, trading services, and an extensive array of investment solutions.

A signing event to commemorate this significant milestone between the Club and EBC will be held at the revamped Spotify Camp Nou at a later date.

Strategic Alliance Sealed: EBC Financial Group Joins Forces with FC Barcelona

EBC Financial Group and FC Barcelona, alongside President Joan Laporta, celebrate the union of finance and football with a ceremonial jersey exchange.

EBC Financial Group and FC Barcelona, alongside President Joan Laporta, celebrate the union of finance and football with a ceremonial jersey exchange.

Statement by Samuel Hertz, APAC Director of Operations at EBC Financial Group and David Barrett, CEO of EBC Financial Group (UK) Ltd:

“Even though EBC is only four years old, we’ve only grown because we demand the best from ourselves and the industry. We’ve delved deep into FC Barcelona’s storied history, learning from their culture of mentorship where the experienced guide the new, and the new inspire the younger, creating a continuum of growth and excellence. This isn’t just a partnership; it’s a shared journey towards greatness, embodying a culture where success is not just about winning but about fostering values, nurturing talent, and contributing positively to society. We’re inspired by Barca’s way of doing things, their culture where veterans nurture newcomers, passing on wisdom and passion. Our choice of FC Barcelona as a partner is deliberate and profound; it’s about learning from the best and embedding their ethos of teamwork, respect, and ambition into our DNA,” stated Samuel Hertz, APAC Director of Operations at EBC Financial Group.

David Barrett, CEO of EBC Financial Group (UK) Limited, the UK subsidiary of EBC Financial Group added, “Being able to forge a partnership with such a strong and respected brand as FC Barcelona underlines the groups ambition to always push ourselves to the highest levels of achievement as possible. EBC Financial Group has firms regulated in the UK by the FCA, Australia by ASIC and the Caymans by CIMA – all highly respected global centres in financial markets – this partnership with FC Barcelona underlines our efforts to align and partner with the best in all aspects.”

Statement by Juli Guiu, Marketing Area Vice President at FC Barcelona:

“This partnership coincides with FC Barcelona’s global expansion plan in recent years, I’m sure that this will help the Club open up a wealth of opportunities in the financial sector through these 3.5 years of partnership with the well-renowned EBC Financial Group. With the untapped potentials we see in the Asia Pacific region, as well as the growing economies in South & Central America, Mexico, Africa, and Middle East, we’re excited to build more connections with brands, partners, supporters, and Culers in these regions.”

About EBC Financial Group
Founded in the esteemed financial district of London, EBC Financial Group (EBC) is renowned for its comprehensive suite of services that includes financial brokerage, asset management, and comprehensive investment solutions. With offices strategically located in prominent financial centres, such as London, Sydney, Hong Kong, Tokyo, Singapore, the Cayman Islands, Bangkok, Limassol, and more, EBC caters to a diverse clientele of retail, professional, and institutional investors worldwide.

Recognised by multiple awards, EBC prides itself on adhering to the highest levels of ethical standards and international regulation. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA), EBC Financial Group (Australia) Pty Ltd is regulated by Australia’s Securities and Investments Commission (ASIC), and EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA).

At the core of EBC Group are seasoned professionals with over 30 years of profound experience in major financial institutions, having adeptly navigated through significant economic cycles from the Plaza Accord to the 2015 Swiss franc crisis. EBC champions a culture where integrity, respect, and client asset security are paramount, ensuring that every investor engagement is treated with the utmost seriousness it deserves.

https://www.ebc.com/

About FC Barcelona
FC Barcelona was founded in 1899 and is currently owned by its more than 144,000 members. It is considered the finest multi-sports club in the world and has 125 years of history. Although rooted in its city and its country, Catalonia, its outlook is global. It has official offices in cities in three different continents: Barcelona, Hong Kong, and New York.

Barça seeks to change the world through sporting excellence. This also includes the world of knowledge and innovation through the Barça Innovation Hub (BIHUB). The club is also recognised for its commitment to social causes, which it channels through the FC Barcelona Foundation, and for its work to educate children in the positive values of sport. Barça’s growth in recent years has led it to have more than 486 million followers on social networks.

www.fcbarcelona.com

Media Contact:
Douglas Chew
douglas.chew@ebc.com

Photos accompanying this announcement are available at

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EMGA obtient un financement par emprunt de 50 millions de dollars pour la société kazakhe MFO KMF

LONDRES, 10 avr. 2024 (GLOBE NEWSWIRE) — Emerging Markets Global Advisory LLP (EMGA) annonce qu’elle a obtenu de la JICA, l’Agence japonaise de coopération internationale, une facilité de créance prioritaire de 50 millions de dollars US.

Shalkar Zhussupov, président du conseil d’administration de KMF : « C’est la première fois que KMF s’engage dans un partenariat avec la JICA, dont les objectifs et la mission se rapprochent des nôtres. Nous souhaitons exprimer toute notre reconnaissance à EMGA et à la JICA pour leur confiance et leur soutien. Les fonds de la JICA seront utilisés pour mettre en œuvre des projets visant à soutenir les micro et petites entreprises, y compris les entrepreneurs ruraux, ce qui permettra de créer de nouvelles opportunités et de contribuer à leur croissance économique. »

Sajeev Chakkalakal, responsable de la banque d’investissement et directeur général d’EMGA, a déclaré : « Nous sommes ravis d’avoir mis en place cette nouvelle facilité de crédit historique pour notre client de longue date, KMF. Ce fut un réel plaisir de collaborer à nouveau avec eux, tandis qu’ils poursuivent la consolidation de leur position en tant que plus grande IMF (institution de microfinance) du pays, et le renforcement de leur position financière en dépit de cette période de turbulence. »

Jeremy Dobson, directeur général d’EMGA, a ajouté : « Ce nouveau financement aidera KMF à remplir la mission qu’elle s’est fixée : continuer à aider les entrepreneurs dans tout le Kazakhstan et développer ses activités en mettant davantage l’accent sur les entreprises détenues par des femmes et dans les zones rurales. »

MFO KMF est l’un des leaders du secteur de la microfinance en Asie centrale. La société vise à établir des relations de partenariat à long terme avec ses clients, fondées sur la confiance, la compréhension et le respect mutuels. MFO « KMF » octroie à ses clients des prêts individuels et collectifs pour les types d’activités suivants : affaires, commerce, agriculture et élevage, production et services et prêts à la consommation.

JICA : l’Agence japonaise de coopération internationale est une agence gouvernementale qui fournit l’essentiel de l’aide publique au développement pour le compte du gouvernement japonais. Elle est chargée de soutenir la croissance économique et sociale dans les pays en développement et de promouvoir la coopération internationale.

Emerging Markets Global Advisory Limited (EMGA), avec des bureaux à Londres et à New York, vient en aide aux établissements financiers et aux entreprises à la recherche de nouveaux capitaux d’emprunt ou de capitaux propres. L’équipe multinationale d’EMGA associe des décennies d’expérience nécessaires pour mener à bien des transactions au nom de ses clients sur les marchés émergents et les économies frontières de tous les pays du monde, y compris le Kazakhstan qui reste un marché clé. Grâce à son expérience reconnue dans la formation de capital et le conseil stratégique à travers divers cycles économiques, EMGA continue d’étendre son rayonnement géographique et son offre de services, consolidant ainsi sa place sur le marché comme l’une des principales banques d’investissement de niche axées sur les marchés émergents.

Coordonnées
info@emergingmarketsglobaladvisory.com

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A EMGA garante financiamento de dívida de US$ 50 milhões para a MFO KMF do Cazaquistão

LONDRES, April 10, 2024 (GLOBE NEWSWIRE) — A Emerging Markets Global Advisory LLP (EMGA) anuncia que obteve uma linha de crédito de US$ 50 milhões da JICA, a Japan International Cooperation Agency.

Presidente do Conselho de Administração da KMF, Shalkar Zhussupov: “Esta é a primeira vez que a KMF faz uma parceria com a JICA, cujos objetivos e missão se assemelham muito aos nossos. Somos gratos à EMGA e à JICA por sua confiança e apoio. Os recursos financeiros da JICA serão usados para implementar projetos de apoio a micro e pequenas empresas, incluindo empreendedores rurais, que criarão novas oportunidades e contribuirão para o crescimento econômico”.

Sajeev Chakkalakal, líder do setor de bancos de investimento e diretor administrativo da EMGA, disse: “Estamos muito satisfeitos por termos conseguido essa nova e histórica linha de crédito para nosso cliente de longa data, a KMF. Foi uma grande satisfação trabalhar com eles novamente, pois continuam a solidificar sua posição como a maior IMF do país e a fortalecer ainda mais sua posição financeira, apesar da época turbulenta”.

O diretor administrativo da EMGA, Jeremy Dobson, acrescentou: “Esse novo financiamento ajudará a KMF a cumprir sua declaração de missão: continuar a ajudar empreendedores em todo o Cazaquistão e desenvolver seus negócios com um foco maior em empresas controladas por mulheres e em áreas rurais”.

MFO KMF é um dos líderes no setor de microfinanças da Ásia Central. O objetivo da empresa é estabelecer relações de parceria de longo prazo com os clientes, com base na confiança, compreensão e respeito mútuos. A MFO “KMF” concede aos clientes empréstimos individuais e coletivos para os seguintes tipos de atividade: negócios, comércio, agricultura e pecuária, produção e serviços e empréstimos ao consumidor.

JICA: a Japan International Cooperation Agency é uma agência governamental que fornece a maior parte da Assistência Oficial ao Desenvolvimento para o governo do Japão. Ela foi criada para ajudar no crescimento econômico e social dos países em desenvolvimento e na promoção da cooperação internacional.

Emerging Markets Global Advisory Limited (EMGA), com filiais em Londres e Nova York, auxilia instituições financeiras e empresas que buscam capital de novas dívidas ou acionário. A equipe multinacional da EMGA combina décadas da experiência necessária para concluir transações em nome de seus clientes nos mercados emergentes e economias de fronteira do mundo, incluindo o Cazaquistão, que continua sendo um mercado importante. Com um histórico comprovado em formação de capital e consultoria estratégica ao longo de diversos ciclos econômicos, a EMGA continua expandindo seu alcance geográfico e sua oferta de serviços, solidificando sua posição no mercado como um dos bancos de investimento de nicho mais proeminentes do setor voltado para mercados emergentes.

Informações de contato
info@emergingmarketsglobaladvisory.com

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NAF bombs 3 terrorists camps in Zamfara


The Nigerian Air Force (NAF), has bombed three terrorists camps in Zamfara on Wednesday, eliminating several of them and their structures.

The operation was conducted by the Air Component of Operation Hadarin Daji, NAF Spokesman, AVM Edward Gabkwet, said in a statement on Thursday in Abuja.

Gabkwet said the camps destroyed belong to terrorist kingpins, Abdullahi Nasanda in Zurmi, Malam Tukur in Gusau, and another in MaradunLocal Government Areas of Zamfara.

He said that Intelligence, Surveillance and Reconnaissance (ISR) missions were conducted on Nasanda’s Camp where terrorists’ activities were sighted and their hidden motorcycles.

‘Having established that their activities were consistent with terrorists’ modes of operation, the location was struck by multiple aircraft passes, thereby neutralizing several terrorists.

‘Similar ISR missions were conducted at Malam Tukur camp, where terrorists’ activities were also observed.

‘Air strikes conducted on the camp neutralised several terrorists and showed seve
ral structures set ablaze and destroyed.

‘Air strikes were also extended to Kanikawa in Maradun town, under Maradun LGA of Zamfara, where terrorists, their enclaves and equipment were attacked and destroyed,’ he added. (NAN) (www.nannews.ng)

Source: News Agency of Nigeria

NOUN VC lauds ACETEL’s trailblazing journey


Prof. Olufemi Peters, Vice-Chancellor, National Open University of Nigeria (NOUN), has urged graduands of African Centre of Excellence on Technology Enhanced Learning (ACETEL) to utilise their digital expertise to drive development in their respective countries.

Peters gave the commendation on Thursday while speaking ahead of the institution’s 13th convocation ceremony slated for April 13, at the University’s premises in Abuja.

He lauded the graduands for the feat.

‘I expect these graduates from Nigeria and other African nations, now equipped with digital expertise, to spearhead developmental initiatives, especially in the realm of technology for education.’

Peters announced that the institution was set to graduate six PhD students, with ACETEL making a significant contribution of four to the cohort.

He commended the centre’s remarkable growth within its five-year existence, citing it as a testament to its resilience and unwavering dedication.

‘I commend the centre for producing such a notable number of
PhD scholars within a short span of five years; additionally, we have eleven MSc students graduating.

‘These scholars are specialising in high-demand courses such as Artificial Intelligence, Cybersecurity, and Management Information Systems.’

He added that the programmes were on the rise; thereby attracting a considerable number of students.

‘We anticipate further growth as we demonstrate our commitment to providing quality education remotely.’

Peters underscored the pivotal role of ACETEL’s digital infrastructure in supporting the university’s Open and Distance Learning (ODL) system.

‘The digital infrastructure facilitated by the Centre is integral to our ODL delivery.

‘It plays a crucial role in providing accessible and high quality education to our diverse student body,’ he added.

The vice-chancellor, who assured continued support beyond World Bank funding, acknowledged ACETEL’s role in garnering international recognition for the university.

He expressed pride in the partnerships and collaborations
established with national and international institutions, emphasising their significance for future endeavours.

Peters congratulated the graduating students on their achievements and urged them to remain good ambassadors of the university.

Source: News Agency of Nigeria

10 countries to participate in maiden Africa Youth Tourism Festival


Mr Ayo Omotosho, organiser of the Africa Youth Tourism Festival, on Wednesday said that about 10 countries would be participating in the maiden edition of the festival.

Omotosho, in a statement said that the countries include Rwanda, Kenya, Botswana, Togo, Ghana, Benin Republic and Zambia.

He explained that the festival, which would hold from April 16 to April 20, was designed to harness the potential in African youths and engage them in tourism activities for self reliance and financial liberation.

According to him, the theme of the festival is ‘Uniting African Youth for Sustainable Tourism Agenda’.

‘We have delegates from over 10 countries who have indicated interest in participating in the Africa Youth Tourism Festival that will hold at the Tafawa Balewa Square, Lagos.

‘The five-day event will feature conference, exhibitions, musicals and cultural display.

‘Others are? 100 talking drummers, African food carnival, hospitality fiesta, city tour of Lagos, beach tourism party, talent discovery, fashion s
how and more,’ he said.

Omotosho said that Gov. Babajide Sanwo-Olu of Lagos would be honoured alongside the Minister of Tourism, Lola Ade-John, for their laudable contributions towards the growth of tourism in the region.

He said that Sanwo-Olu’s remarkable tourism sustainability efforts had spurred the management of the festival to choose him as a beacon of excellence in advancing sustainable initiatives in the sector.

‘Gov. Sanwo-Olu would be receiving a prestigious award for his significant contributions to tourism sustainability in the region.

‘Lagos State, known as the economic heartbeat of Nigeria, is also a cultural and tourism hub that attracts millions of visitors annually.

‘Governor Sanwo-Olu’s administration has placed a strong emphasis on leveraging the state’s rich cultural heritage and natural resources to drive sustainable tourism development.

‘Under his leadership, Lagos has witnessed significant improvements in infrastructure, security, and promotion of cultural events and festivals, al
l aimed at enhancing tourism experience, while preserving the environment and local communities,’ he said.

Omotosho noted that one of the key initiatives spearheaded by Sanwo-Olu is the revitalisation of historical sites and monuments across the state.

‘By preserving and showcasing these cultural assets, the administration aims to not only attract tourists but also instill a sense of pride and identity among the local population,’ he said.

According to him, the tourism minister’s contributions to the sector stands as a beacon of inspiration and progress.

He said the minister had also championed initiatives aimed at empowering African youths to actively participate in and shape the future of the tourism sector.

‘Recognising the demographic dividend that Africa’s youthful population presents, the minister has worked tirelessly to create opportunities for young people to engage in tourism entrepreneurship, skill development, and leadership roles.

‘The Lagos state Commissioner for Tourism, Arts and Culture,
Mrs Toke Benson-Awoyinka and a host of others will also be honoured,’ he said.

Source: News Agency of Nigeria

Foundation partners bank to promote financial inclusion for IDPs


Civitas Auxillium Foundation (CAF), a non-governmental organisation has partnered with First Bank of Nigeria Plc to promote financial inclusion initiatives for Internally Displaced Persons (IDPs).

Mrs Elizabeth Duile, Chief Operations Officer and Founder of CAF, made this known in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja.

Duile said through the partnership, the foundation successfully established savings accounts for 80 women residing in the IDP camp located in Wassa District of the FCT.

She highlighted the challenges faced by these women, many of whom had lost crucial documents such as identity cards and National Identification Numbers (NIN).

This she said, hindered their ability to access banking services, obtain loans, and achieve financial inclusion.

According to her, the initiative, known as the CAF-Women Empowerment Programme (CAF-WEP), seeks to combat poverty and empower displaced women through skill-building, financial access, and interest-free loans.

‘These effort
s are geared towards ensuring that they are economically empowered and can grow their small businesses to skills under our CAF-WEP programme.

‘CAF has made strides in empowering women through the CAFWEP interest-free loan program.

‘The loans have helped them to start or expand small businesses such as buying and selling of foodstuff, catering, mini marts and farming,’ she said.

She said that the challenge of having to pay the women in cash or third party bank accounts necessitated the initiative.

‘This affects accountability and tracking of disbursed funds.

‘It also excluded some women who could not present bank accounts to their customers when asked, especially on their weekly market days.

‘So we took a genuine step towards financial inclusion.

‘By forging a partnership with FBN, over 80 women were empowered; these are women that never had the experience and security of a bank account or bank verification numbers (BVN),’ she said.

She reiterated the commitment of the foundation to tackling poverty, g
ender inequality affecting women, especially those who are victims of violent conflicts and acts of terrorism.

‘One can only imagine the reality of owning a business in modern times without certain financial tools such as bank accounts.

‘This has deprived some customers from making purchases from these women.

‘A good number of persons go to the market to make purchases and the only tool they go with is an ATM card, this automatically excludes a category of traders.

‘Through these businesses, they make a living and support their families, ensure their children receive education, and contribute to the economy, ‘she said.

Duile said that the foundation was also involved in providing support for less privileged children, especially those in the IDPs camps to access quality education.

According to her, this will enable them to explore their potentials and achieve their dreams for the benefit of the nation.

‘We need to support these vulnerable children who have been victims of violent conflicts across Nigeri
a, and most of them reside in the IDP camps.

The ‘CAF-Kit a child School Outreach Programme” provided desk-chairs, books and writing materials to some schools around IDP camps, ‘ she said.

Source: News Agency of Nigeria

Regional Minister urges Muslims to continue with Ramadan lessons


Alhaji Shani Alhassan Saibu, the Northern Regional Minister, has called on Muslims to continue practising the lessons learnt from Ramadan to ensure peace and togetherness during this year’s election and thereafter.

‘This is important for the country’s prosperity, well-being, advancement and development,’ he said.

Alhaji Saibu made the call on Wednesday while addressing a gathering of Muslims in Tamale to mark this year’s Eid-ul-Fitr celebrations.

He encouraged them to practise self-discipline, and self-control, offer sacrifice, and have empathy for the less privileged.

‘It should, therefore, be evident that we have been granted the benefit of increased bodily and spiritual proximity to the Almighty Allah after going through such a serene period of sacrifice,’ he said.

‘We must strive to enhance the collaboration with the security agencies as this is crucial to the overall creation of a conducive environment for investors to come to the region.’

The Minister urged religious leaders to continue to educate
the citizenry, especially the youth, on the need to maintain peace in the region and the nation in general.

Source: Ghana News Agency

Manasseh, others have no evidence to support publications-Witness tells Court


A witness has told an Accra High Court that Manasseh Azure Awuni, an investigative journalist, and four others have no evidence to support their publications against Lighthouse Chapel International (LCI) and its founder.

In a defamation suit against Awuni, the Media Foundation for West Africa, its Director, Sulemana Briamah and Edwin Appiah, a co-editor (defendants), a witness of LCI, Mr Marcel Aboagye, testified that the defendants had failed to present any evidence to the court in support of several defamatory allegations made against the LCI in their published articles titled ‘Darkness in a Lighthouse.’

At the General Jurisdiction Court (a division of the High Court) presided over by Justice Joseph Adu Owusu Agyemang, Mr Aboagye stated that the defendants’ articles claimed that LCI owed several former church pastors over 42 years of Social Security and National Insurance Trust (SSNIT) contributions.

The witness, pointing to the SSNIT Investigative report dated August 20, 2021, stated that SSNIT cleared
LCI of those allegations.

According to the witness, the allegations were false, and the defendants presented no evidence that LCI owed former pastors any SSNIT contributions.

During cross-examination, the witness claimed that the defendants falsely published articles claiming that former pastors Larry Odonkor, Edward Laryea, Seth Duncan, and Faith Fiakojo were exploited by the church to build worship centres and schools in Wa, Kade, Paga, and Fumbisi with their resources. The church then illegally took over the buildings.

The witness referred to a mail from 2008 that announced the policy and indicated that as part of the policy, LCI will continue to buy and build church buildings.

The witness testified that the defendants’ exhibits provided no evidence to substantiate the allegations that the facilities depicted in the publications were built with the personal resources of those pastors.

According to the witness, LCI built those structures with its own resources, and in the case of Wa, the buildings refe
rred to in the articles as having been put up by Larry Odonkor with his finances were constructed by the Church long after he had left the Wa Mission.

The witness went on to say that the publications falsely claimed that one of the former pastors, Seth Duncan, had attempted suicide three times due to maltreatment by the church.

The witness said that LCI never mistreated Seth Duncan.

According to the witness, Seth Duncan’s attempt to commit suicide was unconnected to the church.

The witness told the court that the defendants formed an ‘unholy alliance’ with the former pastors and published those pieces out of malice.

The matter has been adjourned to May 13, 2024.

Source: Ghana News Agency

Goshen Global Vision Partners COCOBOD in tree planting exercise on Cocoa farms


Goshen Global Vision (GGV), a non-government organisation, says it has engaged cocoa farmers to adopt nature-based to increase yield.

Madam Mary Perpetual Kwakwuyi, Executive Director of the GGV says her outfit was currently working in Ghana’s cocoa belt in the Western Region which holds the country’s richest forest.

Madam Kwakwuyi said illegal mining posed a challenge in the last decade, hence, the need for cocoa Agro-forestry and planting of trees in forest reserves.

She was speaking at a media engagement co-organised with the COCOBOD in Tarkwa to sensitise about 20 selected journalists Western-South Region Western-South Region, who are interested in cocoa-growing and related matters.

She said GGV had planted a total of 429,731 ordinary trees and 130,000 nature trees in more than 213 communities under four Districts namely Alavanyo, Subri Forest Reserves, Senchem and Essikado.

Madam Kwakwuyi said GGV had planted 130,000 nature trees alone since 2020 with 70,000 tree seedlings planted in the Subri fores
t reserves.

The Executive Director said the collaboration with CHED was aimed at capacity building of farmers in rural communities on distribution of nature tree seedlings to cocoa farmers.

Madam Kwakwuyi said GGV also assured monitoring of out-planted trees with community volunteers.

GGV had also rolled out alternative livelihood interventions such as bee-keeping farming.

The organisation had also initiated a Village Saving and Loan Association (VSLA) to create self-managed and self-capitalised savings groups for lending purposes among cocoa farmers to better their lot especially during the lean season.

Manager of the Western-South Cocoa Region, Mr Samuel Osei thanked GGV for the partnership.

He said COCOBOD continued to plant trees and plantain suckers on cocoa farms to enhance climatic conditions and boost the livelihoods of farmers.

The Tarkwa-Nsuaem District Chief Cocoa Farmer, Nana Appiah who chaired the function, charged the media to intensify dissemination of information on cocoa production to
the public.

He said cocoa used to be the backbone of Ghana, but lack of motivation was a major cause for the decline in cocoa production.

Nana Appiah asked COCOBOD to open cooperative credit unions for cocoa farmers in the districts.

He appealed to COCOBOD to resolve the challenges with the cocoa farmers pension scheme for it to become operational.

Source: Ghana News Agency