The Cashew Traders and Exporters Association of Ghana (CTEAG), led by National Chairman Alex Owusu Adjei, has commended the government for plans establishing a cashew processing factory in the Bono Region. The move is hailed as a major step towards revitalizing the local economy and creating employment opportunities, particularly for the youth.
The new factory is expected to process and export cashew nuts, offering a reliable market for local farmers and enhancing the value of Ghana’s cashew exports. According to CTEAG, this initiative will significantly improve the livelihoods of thousands of Ghanaians who depend on the cashew industry.
Mr. Adjei expressed the association’s excitement about the government’s initiative, noting that it represents a critical milestone in the development of the sector. He emphasized that the factory will not only support local farmers but also boost Ghana’s presence in the global cashew market.
While praising the government’s efforts, CTEAG also called for additional support to help the cashew industry realize its full potential. Mr. Adjei highlighted the urgent need for more agricultural extension officers in the region to assist farmers with improved practices and technical knowledge.
He further appealed for increased access to modern farming inputs and equipment, stressing that these resources are vital for enhancing productivity and improving the quality of cashew nuts.
Mr. Adjei also urged the government to protect local farmers by regulating the involvement of foreign buyers at the farm gate level. Preventing unfair competition, he said, would ensure that local producers receive fair prices for their harvests, thereby improving their standard of living.
Currently, Ghana produces about 250 metric tonnes of cashew annually—a figure CTEAG believes can grow substantially with the right investments and policy support. Mr. Adjei called on the government to prioritize sustained support for the sector to unlock its full economic potential.
The establishment of the cashew factory is expected to significantly reduce unemployment in the Bono Region by creating jobs and offering skills training for young people.
As the factory begins operations, CTEAG remains optimistic about its impact on the local economy and the broader agricultural landscape. The association reaffirmed its commitment to partnering with the government to ensure sustainable growth and prosperity within the cashew industry.
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