Cashew production Africa Cashew Alliance push for government support

President of ACA, Edgar Maokola-Majogo, lamented about the closure of 10 out of 14 cashew processing plants, blaming it on problems associated with procurements.

  • Published: , Refreshed:
24/7 Live - Subscribe to the Pulse Newsletter!

Africa Cashew Alliance (ACA) is calling on government to support the cashew industry by creating a suitable environment for the growth of the sector.

President of ACA, Edgar Maokola-Majogo, lamented about the closure of 10 out of 14 cashew processing plants, blaming it on problems associated with procurements.

“We can imagine the tremendous loss to promoters of the factories, the loss of employment for the workers - mainly women - and government in terms of tax, foreign exchange and other revenues,” he said.

“To all the direct and indirect stakeholders, we would like to point out that without government support and the enabling policies, the objective of local value addition through processing cannot be realised."

READ MORE

 

Maokola-Majogo said some member-countries of ACA have rolled out reforms in the cashew sector.

“Some of the member-countries of ACA such as Cote d’Ivoire, Benin, Mozambique and Guinea Bissau, have recently reformed their cashew sectors to provide an enabling environment and support for all sectors in the cashew value chain,” he said.

Meanwhile, the trade and industry ministry has announced measures to improve cashew production.

A statement signed by the sector minister, Dr.Ekow Spio-Garbrah said government will support the National Buffer Stock Company (NAFCO) to enable them to purchase the raw cashew nuts (RCN) and establish a “Just-in-Time” inventory to ensure that the indigenous processors have an all-year-round supply of RCN.

The statement also said government will initiate discussions concerning the establishment of a credit scheme for cashew farmers.

Government will examine the merits of the setting up of the Ghana Cashew Management

Board to license, supervise and monitor all activities in the cashew value chain, the statement said.

In addition, the statement said government will work with stakeholders to propose and implement a 10-year cashew development plan for Ghana.

This would seek to ensure the development and expansion of the cashew industry and also increase the country’s production to at least 200,000MT by the year 2025, according to the statement.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Fiscal Policy Ghana's total debt hits $145 billionbullet
2 Microfinance Akufo-Addo speaks on DKM microfinance scandalbullet
3 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
4 Mobile Money Interoperability Numerous mobile money agents to lose...bullet
5 NaBCo Here's what you need to apply for the Nation Builders Corpsbullet
6 Salaries In 2018 Here are the dates public workers will be...bullet
7 Duplication Cancel $89m contract with Haitian firm - Imani...bullet
8 Menzgold Ghana Investment company closes down its Gold...bullet
9 DKM Microfinance Customers of defunct company to receive...bullet
10 Moving On AirtelTigo partners Ericsson to consolidate...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Support Finance minister buys Kantanka carbullet
3 Money Alert Meet Africa's richest womanbullet
4 Tech 6 reasons you should buy an iPhone SE instead of any of the...bullet
5 Bozoma Saint John 10 quotes from Uber top official, Bozoma, that...bullet
6 New Discovery Ghana discovers new mineral, lithium in...bullet
7 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
8 Entrepreneurship How To Get Ready To Get Started |...bullet
9 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
10 Entrepreneurship Failure- How To Deal With It |...bullet

Business