First Sky Commodities Limited, a member of the First Sky Group, was incorporated on November 22, 2013, with a vision to become a leader in the cocoa industry and a mission to use cocoa purchases as a business to improve the well-being of farmers in traditional and marginal cocoa producing areas. The company is also a member of the Licensed Cocoa Buyers Association of Ghana (LICOBAG).
First Sky Commodities Limited started its operations in the 2015/2016 crop season. As a new entrant to the industry, First Sky Commodities purchased 978 metric tonnes of beans in its first crop season of operation. In the following crop season, the company purchased 2,890 metric tonnes in the 2016/2017 season representing an exponential increase of 195.5 percent.
Our market share has since continued to improve steadily. In the 2020/2021 crop season, First Sky Commodities secured the purchase of more than 10,000 metric tonnes.
First Sky Commodities owns 13 operational warehouses(depots). These depots are spread across its operational areas in the country. In 2021, the company procured 6 additional light trucks to enhance the primary evacuation of cocoa from various societies.
This brought the number of light duty vehicles procured for cocoa operations to a total of 25 . The company also owns trailer trucks which undertake secondary evacuation to the Take-Over-Centres.
Currently, our operational vehicular truck fleet stands at 28.
First Sky Commodities’ projection for the 2022/23 crop season is to increase its total purchases to 20,000 metric tonnes of cocoa. First Sky Commodities, a member of the First Sky Group, is also investing in the cocoa value chain that seeks to add value to Ghana’s cocoa and increase revenue to the state. In this regard, the company has entered into a joint venture agreement with MDC Netherlands BV to establish a cocoa processing plant in Ghana.
The plant will be situated in the Western Region, specifically at Beahu in Takoradi, for the processing of 25,000 metric tonnes of cocoa annually. It is expected that beyond the value addition and increased revenue that should accrue to the state, the siting of the plant would also create hundreds of jobs, significantly reducing unemployment levels through provision of employment and help reduce the burden of the government.