Tag: Cashew
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Government urged to impose export levies on specific agricultural commodities
As part of efforts to develop the agric sector, the Ghana Export-Import Bank, is urging Government to consider imposing export levies on some specific agricultural commodities, such as cashew sector. According to the Ghana EXIM Bank, this move will serve as a source of revenue for Government. Speaking on the sidelines of a stakeholder forum…
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Government to announce uniform purchasing price for cashew in December
The Minister of Agriculture, Dr. Owusu Afriyie Akoto is expected to announce, for the first time, a uniform purchasing price for cashew in December this year. The Chief Executive Officer of the Tree Crops Development Authority, Emmanuel Agyapong Quaitoo disclosed this in Sunyani during the annual conference and inauguration ceremony of the Cashew Traders and…
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![One woman’s quest to transform Ghana’s cashew sector [Article]](https://citibusinessnews.com/wp-content/uploads/2021/04/cashew-processor.jpg)
One woman’s quest to transform Ghana’s cashew sector [Article]
As part of its plans to develop the agriculture sector, the government informed Ghanaians last year, that the nation will be adding more cash crops to cocoa, which grants it an annual revenue of $2.3 billion. The Minister for Food and Agriculture, Dr. Owusu Afriyie Akoto mentioned cashew, rubber, coconut, mango, shea, oil palm and…
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African Cashew Alliance predicts increase in cashew production in 2021
The African Cashew Alliance (ACA) is projecting an increase in cashew production in Africa in 2021 despite the effects of the pandemic on the global cashew industry. According to them, Africa is projected to exceed the over 2.1 million total raw cashew nuts (RCNs) it produced in 2020 and will remain the greatest producer of…
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Ghanaian cashew farmers leverage technology to attract better prices
An increasing number of Ghanaian smallholder cashew farmers are getting better prices on their harvests, and reducing their operations expenses, thanks to the continued rollout of a smartphone app that gives them direct access to Olam Food Ingredients in Ghana. The app empowers farmers to get prices directly from the company rather than from traditional…
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Cashew processors call for more support to increase local processing
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…
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Cashew farmers in Bono Region lament Coronavirus-induced drop in sales
The outbreak of COVID-19 in Ghana has affected the local cashew Industry in the Jaman North Municipality of the Bono Region forcing some out of production. According to cashew farmers, their customers who are mostly outside the region have ceased buying their produce because of the outbreak of the pandemic. One of such is the…
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Government to set up Authority for four tree crops
The Agric Ministry has presented a bill to Parliament to enable it to set up an Authority to regulate the production and export of four major tree crops including rubber, mango, Shea and Cashew. Deputy Minister of Agriculture Dr. Sagre Bambangi disclosed this at Citi FM’s Ghana Rising Conference. According to him, the move forms…
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Ghana bags $2.8bn from non-traditional exports in 2018
The Value of Ghana’s Non-Traditional Exports increased from the US$2.6 billion recorded in 2017 to US$2.8 billion, a report by the Ghana Export Promotion Authority has revealed. The growth was due mainly to the increase in the export of cashew which grew by 43.84%, following increased demand in Vietnam and increased yield of quality nuts among…
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Gov’t projects US$ 2.5 billion from cashew sector
The cashew industry is expected to fetch the nation US$ 2.5 billion in the next five years, Mr Augustine Collins Ntim, a Deputy Minister of Local Government and Rural Development, has said. He said the government has devoted GHȼ 1 billion towards the establishment of the Tree Crop Development Authority that would regulate the…