Gov’t of Ghana has revised its commitment to streamlining the cashew industry to make it an economic driving force in Ghana by establishing a ‘Cashew Development Authority,’ an apex regulatory body to lead the agenda.
Brong Ahafo Regional Minister, Mr. Kwaku Asoma Cheremeh who made the statement said the CDA will ensure an increase in production, regulate prices and renew the processing sector through the revival of distressed cashew processing companies as well as the establishment of new ones with a guaranteed supply of raw cashew nuts to ensure uninterrupted processing cycle.
He said Government of Ghana is balanced to transform the cashew industry like cocoa. Farmers will receive agro inputs such as fertilizer and improved seeds. Processors will also enjoy the necessary industrial enabling environment to thrive.
The cashew sector, especially processors has been battling with many challenges, making the sector unattractive. Of the 13 cashew processing companies in the country with a total installed capacity of about 6,200 metrict tonnes, only three are currently in business with a utilization level of 15,000 mt.Matters such as inadequate supply of raw nuts and skyrocketing price have forced many processors out of the industry.
The Regional Minister assured when the Chief of Suma Traditional Council paid him a working visit. The Chiefs used the occasion to officially congratulate him on his appointment and also drew his attention to some pressing issues within the Suma traditional jurisdiction.
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