Ghana has introduced an innovative “Cocoa Sika Payment Platform,” an Electronic Payment System for cocoa farmers, to facilitate rapid and secured payment of monies to farmers for beans purchased, reports africatime.com.
The Cocoa Sika Payment Platform seeks to eliminate physical movement of huge sums of money to farmer gates and ensure a cashless system that will eradicate losses associated with the physical cash payment system.
In collaboration with stakeholders, the innovative Cocoa Sika Payment system would be operated mainly by two telecommunication giants – Vodafone and MTN.
