Increased Cashew Production to Bring Ghana Big Business

Increased Cashew Production to Bring Ghana Big Business


From Ghana Business News

The prospects of Ghana’s cashew production is high because the country can rake in between $300 and $400 million if she increases her cashew production from the current 50,000 metric tonnes to 200,000 tonnes annually.

Mr Windfred Osei Owusu, President of the Ghana Cashew Industry Association, who made the observation on Tuesday, added that the country could attain the goal if 90 per cent of the raw cashew nuts were processed.

He was speaking in Accra at the launch of the World Cashew Festival and Expo 2013 in Africa, on the theme: “Value Chain and Gains-Focusing on the Potential to Leverage Profit in Each Sector of the Cashew Industry and in New Markets.”

The event, which is expected to come off between September 16 and 19, would be organised by the African Cashew Alliance’s (ACA), to assist players in the industry to develop the value-chain process.

The four-day programme would also provide a platform for cashew farmers, processors, traders, exporters, service providers, retailers, equipment manufacturers, bankers and other stakeholders to fashion out innovative ways to improve and sustain the industry.

Read more at ghanabusinessnews.com