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    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

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    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    African Finance Ministers tasked to allocate more resources into education sector

    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

    Employ targeted-subsidized systems to check macro-economic challenges – Prof. Quartey

    Inflation in Africa: Some subsidy programs prolonging situation – Jeff Gable

    Cedi Summit comes off today at Alisa Hotel

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    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    CBOD calls for a more structured supply of Forex for petroleum products

  • TECHNOLOGY

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

    Citi Business Festival: Acquiring digital skills key to securing employment – Maximus Ametorgoh

    Bank of Ghana commences piloting of digital currency in Sefwi Asafo

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    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

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    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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GEPA to increase coconut export to boost earnings and create jobs

bycitibusinessnews
May 22, 2020
in Agriculture, Economy, Top Stories
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The Ghana Export Promotion Authority (GEPA), says it will increase export of coconut to improve revenue for non- traditional export.

Already, GEPA has supplied 160,000 coconut seedlings to Coconut Farmers in the country to increase coconut production within the next five years.

Chief Executive Officer of the Ghana Export Promotion Authority, Afua Asabea Asare, in an interview with Citi Business News said they will work to increase export of coconut to meet demand, while creating more jobs and increasing foreign earnings from the crop.

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“We are not doing as well as we wish we would do, and so to do that, with export we stay and wait for everything to be sorted then they bring it to us to look for the market and we decided no; we are not even getting what the world is demanding so we should go back to the roots and see what is actually happening. What is causing this? I am not the Minister of Agric, I am not supposed to be giving out seedlings. The Ministry is doing its bit and we decided that we also need to support because  the demand is so high and that’s why you see me also going to that level to help with good seedlings and all of that so that quickly, I can get what I can take to the international market. So we are just supporting what the Ministry is doing already” she explained.

Ghana is seeking to rake in 2 billion dollars from the export of coconut by 2023.

Already, GEPA has distributed 100,000 coconut seedlings to farmers in the Western and Central regions.

The President of the Coconut Farmers Association of Ghana, Patrick Ndabiah, says the Association will soon come out with a price mechanism to help improve revenue to coconut farmers.

Currently, though the projected global growth in the coconut industry is pegged at US$15 billion by 2024, the production level in Ghana is 224 million coconut fruits annually, and 179 million of the total production is produced by small holder farmers.

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