The money is used primarily to support the maintenance and expansion of cocoa farms – to boost crop yield.
Mr. Clement Acherekoh, the Human Resource Manager, who announced this said, the company has additionally been supplying hybrid cocoa seedlings and shade tree seedlings to farmers.
It has so far distributed 500,000 cocoa seedlings and 155,000 shade tree seedlings to them.
He made these known at the inauguration of the refurbished Mpasatia D/A primary school building in the Atwima-Mponua District.
The company put in $11,921 to give the school a new look and Mr. Acherekoh said it did that as part of its corporate social responsibility.
Olam – a leading global agri-business operating across the value chain, has invested over $150 million in Ghana’s economy.
It had built a cocoa processing factory, a wheat flour mill and a tomato factory.
The company has created employment for about 850 Ghanaians and been supporting more than 100 seasonal workers.
Mr. Acherekoh said as a good corporate citizen, Olam would continue to stand with the people every step of the way to make things better.
“We are directing funding to initiatives and programmes that would drive socio-economic progress”, he added.