Pulse.com.gh logo
Go


Master plan Cashew sector designs 10-year plan to target 200,000MT by 2020

The sector brings in not less than between 400 and 500 million dollars revenue to help in the country’s current economic crisis.

  • Published: , Refreshed:

The Ghana Cashew Association of Ghana has designed a 10-year master plan to boost production from 50,000 metric tonnes to 200,000 metric tonnes per annum by 2025.

This was revealed at the first ever National Cashew Dialogue as part of a six-month advocacy programme on the theme; “Revitalising the Cashew Sector: An Opportunity Neglected by the Nation.”

Read more: Cashew Industry Association to hold first national dialogue

The sector brings in not less than between 400 and 500 million dollars revenue to help in the country’s current economic crisis, and with the potential prospect of cashew production locally, it is anticipated that the crop would increase from its current 50,000 to 200,000 metric tonnes (MT) annually with a processing capacity of about 90 per cent, according a statement issued by the Association prior to the Dialogue.

The sector currently has 14 processing factories in the country with a processing capacity of 60,000 MT while the country produces 50,000 MT of raw nuts.

Fatima Alimohamed, the Agriculture Sector’s Vice Chairperson at the Association of Ghana Industries, says Ghana cannot afford not to take advantage of this opportunity.

She said at the forum: “Africa and more so Ghana needs to double its overall production to meet future needs of its population. Our focus needs to be on emerging crops other than Cocoa, and to help quench that thirst the country needs to get into the race immediately.”

Read more: Cashew the new cocoa, govt targets 150,000 tonnes by 2025

The global cashew market was valued at up to $7.8 billion last year and is projected to grow by 15% this year. Growing demand from China is expected to sustain the vitality of the market.

The master plan presents an unexpected but welcome opportunity to diversify agricultural exports beyond cocoa, gold and crude. 

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 How to create a verified PayPal account Learn how to create a verified...bullet
2 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
3 RADP Ringier Ghana educates CCIFG members on Digital Marketing...bullet
4 How to write a memo How to write a memo like a probullet
5 How to create an NGO in Ghana How to register and start an NGObullet
6 1D1F: Nana Addo commissions diaper making factory in Bortianorbullet
7 10 banks in danger of not meeting BoG’s GH¢400m minimum capitalbullet
8 Menzgold suspends online trading; ask staff to go on leavebullet
9 Ghana Ports and Harbours Authority GPHA staff demands...bullet
10 Police arrest 6 Menzgold customers trying to lock up...bullet

Top Videos

1 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
2 Former Capital Bank staff grills pork for survivalbullet

Business

X
Advertisement