LOTTE GROUP CELEBRATES ANNIVERSARIES IN GHANA; SUPPORTS COCOA FARMERS

Date: 11th October 2024

Lotte Group, the renowned Japanese and Korean confectionery company, has marked its 50th and 60th anniversaries of sourcing premium Ghanaian cocoa for South Korea and Japan with a significant contribution to cocoa farmers. 

The group has donated $40,000 to support the establishment of cocoa nurseries in Suhum and Manso Amenfi, two vital cocoa-producing districts in Ghana’s Eastern and Western South Regions.

In a ceremony held at Otwebediadua in the Suhum Cocoa District, Lotte not only announced its financial support for the nurseries but also provided educational supplies to Otwebediadua MA Basic School, showcasing the company's commitment to uplifting local cocoa-growing communities.

In his brief remarks at the event, Dong Bing Shin, Chairman of Lotte Group, expressed his gratitude for the opportunity to contribute to the empowerment of Ghanaian cocoa farmers and the long-term sustainability of the cocoa industry. 

He also extolled the good relationship between Ghana’s cocoa and the Lotte Group, adding that this has been highly beneficial to both parties.

Rev. Edwin Afari, Executive Director of the Cocoa Health & Extension Division, (CHED) speaking on behalf of COCOBOD's Chief Executive, Hon. Joseph Boahen Aidoo, lauded Lotte's enduring partnership with COCOBOD. He highlighted the positive impact of Lotte's ongoing support in strengthening cocoa-growing communities and enhancing farmers' livelihoods.

“This partnership has not only bolstered Ghana's economy but also created shared value for the communities and farmers whose dedication sustains the cocoa industry,” Rev. Afari said.

He further praised Lotte’s efforts to promote Ghana's world-renowned premium cocoa, stating, “Ghana’s cocoa sets a global standard for excellence, unmatched by any competitor.”

Hon. Aidoo emphasized the importance of maintaining this strong partnership between COCOBOD and Lotte, noting that it drives innovation, sustainability, and growth within the cocoa sector, ultimately benefiting farmers and their families.

For over six decades, Lotte’s community-driven initiatives have reflected its core values of passion, sustainability, innovation, and excellence. These values continue to guide the company's commitment to advancing Ghana's cocoa industry and the communities that support it.