May 18, 2018

GEPA embarks on Monitoring of Cashew – funded interventions

 

The Chief Executive of Ghana Export Promotion Authority, Hon. Gifty Kekeli Klenam is embarking on a monitoring and inspection tour of cashew nursery production sites in the Brong Ahafo Region on Friday, May 18, 2018.

The objective of the programme, is to among others, ensure effective implementation of the interventions the Authority (GEPA), is providing the Cashew industry to make it a formidable export product for the country.

In collaboration with actors in the Cashew sector, GEPA has developed a ten-year Cashew Development Plan with the vision to aggressively expand, modernize and transform Ghana’s Cashew sector into a significant foreign exchange earner, creating jobs and substantial wealth for Ghanaians.

The plan seeks to increase cashew production from 80,000MT to 300,000MT and also increase export earnings from US$ 197 million to US$1 billion by 2027.

The 10-Year Cashew Development was launched by Nana Addo Dankwa Akufo-Addo, President of the Republic of Ghana, at Wenchi in the Brong Ahafo Region on 20th February 2018.

To enhance farm expansion for the cultivation of new cashew plantations which is a component of the 10-Year Cashew Development Plan, GEPA has provided about GH₵600,000 to the Cashew Industry Association of Ghana (CIAG) to support the production of 400,000 cashew grafted seedlings.

In all, fifteen (15) private nursery operators are producing the 400,000 cashew grafted seedlings to support the farm expansion and cultivation of new plantations.

The inspection will further assist Hon. Klenam to acquaint and familiarize herself with the progress of work on the grafting of the cashew seedlings for distribution to farmers and potential investors interested in cashew plantations in Ghana.

GEPA funded nursery sites for the production of 400,000 cashew-grafted seedlings at the cost of GH₵600,000 are spatially distributed as follows:

Wenchi:                 8 nursery operators

Sunyani                  1 nursery operator

Kintampo:              1 nursery operator

Techiman:              1 nursery operator

Drobo:                   1 nursery operator

Jema:                    2 nursery operators

Sogakope:              1 nursery operator

Cashew is currently Ghana’s leading agricultural non-traditional export, bringing in about $197 million worth of export revenue in 2016, which represents 53% of $371 million received from the total agricultural NTE sub-sector.

Ghana Export Promotion Authority (GEPA), has selected cashew as a priority export product for development and promotion and is collaborating with the CIAG and other stakeholders to achieve these set goals.

Among others, the development of cashew comes with many benefits for the individuals, the country and the environment – employment and wealth creation, especially for women in nursery operations and cashew processing, foreign exchange for the country and reduction of desertification.

 

 

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