The GEL Banana Farm Fairtrade Premium Committee (FPC) of Golden Exotics Limited convened its 12th Annual Ordinary Delegates Meeting at the VRA Club Hall in Akuse, bringing together management, workers’ representatives, union leaders, and key stakeholders to review performance and approve plans for the 2026 operational year.
The meeting, chaired by FPC Chairman Felix Amekudzi, served as a platform to present the committee’s 2025 annual report, financial statements, and work plan for 2026, while also recognizing outstanding staff and reaffirming commitments to worker welfare and community development.
Strong Stakeholder Participation
The event featured high-level participation, including representatives from Fairtrade Africa (West African Region), national executives of the Industrial and Commercial Workers Union (ICU) and the General Agricultural Workers Union (GAWU), as well as management of Golden Exotics Limited (GEL) and Golden Organics Limited (GOL).
Special recognition was given to the Guest of Honour, Olivier Chassang, Vice President of Compagnie Fruitière and Managing Director of GEL/GOL, who commended the committee’s continued commitment to improving livelihoods through Fairtrade initiatives.
Sustained Fairtrade Growth Since 2012
In his address, Amekudzi highlighted that GEL has maintained its Fairtrade certification since June 2012, with the Premium Committee playing a critical role in managing funds generated from Fairtrade sales.
“The committee remains committed to ensuring that Fairtrade Premium is utilized effectively for the benefit of workers, their families, and surrounding communities,” he stated.
The committee, comprising 26 members including worker representatives, management appointees, and a union co-opted member, continues to operate in line with Fairtrade standards.
Financial Performance: 2025 vs 2026
A key highlight of the meeting was the presentation of financial reports, showing a shift in currency reporting from euros in 2025 to US dollars in 2026.
2025 Financial Overview:
Total cash available for projects stood at approximately €2.97 million. This included premium income, investment returns, and internally generated funds such as transport services.
2026 Financial Position:
Total cash at bank reached approximately $4.53 million.
Cash available for projects and distribution stood at about $2.15 million after deductions while premium income alone accounted for over $1.55 million, representing roughly 34% of total inflows.
Despite currency fluctuations and structural adjustments, the committee maintained a strong financial base, with diversified income streams including transport services, investments, and asset management.
Major Projects Implemented in 2025
The FPC reported significant investments across multiple social and economic initiatives:
Direct Cash Distribution:
A total of 20% of Fairtrade Premium funds was distributed to 3,760 workers, with each eligible worker receiving GHS 3,741.58.
Education Support:
387 beneficiaries received tuition support across tertiary, vocational, and spousal education.
1,519 children benefited from educational materials.
Continued feeding support was provided for children in the crèche.
Canteen Project:
Over GHS 9 million was spent to subsidize daily meals for approximately 3,300 workers, maintaining one of the committee’s most impactful welfare initiatives.
Staff Transport Scheme:
The transport project generated over GHS 2.3 million in revenue and expanded its fleet to 20 buses, improving worker mobility and supporting sustainability.
Community Development:
The Yokpe Water Project was successfully completed, providing potable water to the community.
Loan Scheme:
Interest-free loans totaling over GHS 4.6 million were disbursed to 1,697 workers to support financial stability.
Women Empowerment and Social Support:
Funding was provided to initiatives such as the “Go Girls” programme and orphanage support projects, promoting education and welfare among vulnerable groups.
Alternative Livelihood Programme:
Retiring workers were trained and supported in livestock farming and other income-generating activities.
Audit and Compliance
The committee successfully underwent its annual Fairtrade certification audit (FLOCERT), addressing key compliance areas including worker welfare, safety standards, and environmental management practices.
2026 Work Plan and Budget Priorities
Looking ahead, the 2026 work plan prioritizes:
Enhanced Cash Distribution:
A combined 50% allocation (20% Fairtrade Premium and 30% Living Wage support) amounting to over $5.46 million earmarked for direct worker benefits.
Canteen and Welfare Expansion:
Continued investment in subsidized meals, crèche support, and worker welfare infrastructure.
Education Projects:
Increased funding for educational materials and subsidies at both basic and secondary levels.
Administrative Strengthening:
Budget allocations for office equipment, general administration, and potential development of a dedicated Fairtrade office building.
Recognition and Governance
The meeting also featured the swearing-in of new committee members, presentation of awards to deserving staff, and solidarity messages from partner organizations including Fairtrade Africa, unions, and financial institutions.
Commitment to Sustainability
Guest of Honour, Olivier Chassang, Vice President of Compagnie Fruitière and Managing Director of GEL/GOL, expressed appreciation to all stakeholders, including management, workers, unions, and international partners, for their contributions to the success of Fairtrade operations at GEL.
He urged workers to remain committed to excellence, emphasizing that sustained productivity and quality output are essential to maintaining Fairtrade certification and its associated benefits.
“Together, we must continue to produce the finest bananas while improving lives through Fairtrade,” he concluded.
On his part, the fairtrade officer, Ivan Van Dessel emphasized unity, collective priorities, and making careful decisions due to limited resources. He highlighted key focus areas such as education, women’s empowerment, youth development, and a healthy environment as essential for community progress.
He noted that 2026 will involve important projects and potential risks, which will be outlined along with strategies to manage them, and encouraged collaboration to ensure successful outcomes.
The meeting ended with a call for continued collaboration and the announcement of the next Annual Delegates Meeting date.
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