Agricultural advise, market information, and access to finance provided to cocoa and palm-oil farmers in Ghana
The primary target group for Sat4Business services are 141,400 smallholder farmers: (110,108 cocoa and 31,292 oil palm farmers in seven regions (Eastern, Central, Western, Western North, Ashanti, Bono & Ahafo) of Ghana. The secondary target groups are service providers (SMEs), financial services providers (FSPs), and corporates who will receive information via an interactive platform. Sat4Business focusses especially on young and female farmers. Youth plays a key role in the future of cocoa, especially because > 55% of Ghanaian cocoa farmers are older yet than 50 years.
Sat4Business will support over 140.000 Ghanaian cocoa and palm-oil farmers to increase their food production, income, and job creation with the establishment of Sat4Business information products and credit support services. Farmers will receive information on market prices, weather, agricultural and agronomic tips, as well as get access to financial services such as pensions, insurances, and loans.
Ghana is the world’s 2nd largest producer of cocoa globally. The Sat4Business project area constitutes about 90% of cocoa produced in Ghana (COCOBOD, 2015/16 production data) and accounts for about 86% of oil palm planted in the country. This is an indication of favourable climatic conditions for these crops, and how relevant improving the productivity in these regions will positively influence the national production levels.
Sat4Business has carried out a comprehensive user requirements assessment consulting all stakeholder groups in the supply chain to establish the key geodata needs for improved smallholder palm oil and cocoa production, and credit risk analysis that satellite data can help to provide.
Here some examples:
The business model focus on the monetization of allthe Sat4Business activities. For example leveraging satellite, farmer level and value chain data to provide actionable (marketing and credit risk) insights to businesses active in the cocoa and palm oil value chains as well as to financial service providers (FSPs) in the smallholder farmers segment.
The Sat4Business consortium brings together seven public and private organizations, each with their own expertise.
|Services||Agricultural input loansCrop management adviceFarmer profile informationMarket information|
|Target groups||Farmer (smallholders)Financial service provider|