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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

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    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

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    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”

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    Gov’t to commence talks with IMF for bailout

    Financing agric sector alone not enough to grow it – GIRSAL CEO

    We’re not charging E-levy on merchant accounts – GRA

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    AfCFTA Secretariat calls for accelerated dev’t for key infrastructure in Africa to boost trade

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

    NIB MD laments cost of borrowing for private sector

    Finance professionals urged to develop strategies to boost ESG-driven business environment

  • TECHNOLOGY

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    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

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

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    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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Cashew processors call for more support to increase local processing

byNerteley Nettey
September 24, 2020
in Agribusiness, Top Stories
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Cashew processors are calling on government to support them to improve local processing of cashew in the country to increase their yield, and also assist them by regulating pricing to ensure fair trade.

According to them, despite the high nutritional and economic value of cashew products, local demand is very low.

Speaking to Citi Business News, after a donation of COVID-19 items, to some local cashew processing companies in Accra, Managing Director of the African Cashew Alliance, Ernest Mintah called for more support and policies to increase local processing of cashew.

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“Today, what we are doing is also trying to give them all the items that they need to respect the protocols of COVID-19. How do we to hope to grow local processing? For us, it’s just a matter of support from the government to bring in the right the policies that allow processors to have access to financing and to also be able to buy raw cashew nut at the start of the season before other competitors come in,” he said.

“Again beyond that, we are also looking at support for farmer level, in terms of small processing facilities for apple processing so that farmers can have additional income. We are looking at support for warehousing because if you looked at what happened during the coronavirus pandemic, we had farmers leaving their raw cashew nuts in their fields because they couldn’t have anywhere to store their produce again. Even if they were willing to collect the cashew from the fields, they had no better knowledge of how to do all the post-harvest handling,” he added.

In a bid to promote the development of the produce of cash crops across the country, government in 2019 established the Tree Crop Development Authority to regulate the production and sale of tree crops in the country.

The establishment of the authority followed the launch of the Planting for Exports and Rural Development (PERD), a programme that seeks to boost the production and sale of rubber, coffee, coconut, oil palm, as well as cashew.

In 2018, the cashew sector raked in about ¢378 million as a Non-Traditional Export crop.

The amount represented 43 percent of the total revenue obtained from non-traditional export commodities in the country.

Currently, the sector is projected to be a major earner in the agriculture sector for the country as it has the potential to earn even more revenue for the country if given consistent strategic attention by the government and key stakeholders.

Value addition of kernels brings in at least three times more export revenue than exported raw cashew nuts.

Beyond the nut, local raw cashew nut (RCN) processing also provides additional revenue streams through by-products such as the Cashew Nut Shell Liquid (CNSL) and fuel from cashew nut shells.

CNSL is used extensively in the petroleum and paint production industries and the production of pesticides. Residual shells are also used as fuel for powering heavy industrial equipment.

The cashew apple can be processed into fruit juice, wine, ethanol for industrial use, jam and other food products.

 

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