Truecoco Ghana Limited, a coconut processing and exporting firm in the Western Region has received an investment into its biochar project from Growth Investment Partners (GIP) Ghana LTD, an investment platform founded by British International Investment (BII).
The investment aims to boost economic growth while ensuring significant social and environmental contributions through the introduction of a biochar project.
Freddy Lydford, Managing Director, Truecoco Ghana Limited, explained in an interview that the investment prioritizes a holistic impact approach.
It aims to benefit Truecoco's network of over 4,000 smallholder farmers by creating value-added products from coconut husks. "Economically, it empowers farmers by generating new income streams from waste coconut husks," he stated.