The Asantehene, Otumfuo Osei Tutu II, has underlined the need to aggressively push towards adding more value to the nation’s cocoa. This, he said, was necessary to assure both the farmers and the state of reasonably good returns. He was speaking, when the Management of the Cocoa Processing Company (CPC) paid a courtesy call on … Read more
The Ghana Export Promotion Authority (GEPA) is advocating the imposition of taxes on the export of raw cashew to encourage more local processing. Ms. Gifty Klenam, CEO of the authority told the B&FT that: “We believe that exporting the cashew raw doesn’t earn us more revenue. Besides, the foreign exchange that is earned from the … Read more
Cashew has over the years become the leading non-traditional export earner in Ghana’s agriculture sub-sector, contributing $196.7 million in 2016, according to the Ghana Export Promotion Authority (GEPA). GEPA is, meanwhile, proposing a surcharge on raw cashew exports to encourage more local processing of the nuts. Chief Executive Officer of GEPA, Ms Gifty Klenam, said … Read more
Plans to rake in GH¢3.92 billion from the cocoa sector this year are on the line, following a 17.7 per cent fall in prices of the soft commodity in the first three months of the year. After ending the first quarter at an average of US$2,039 per tonnes, cocoa prices have already fallen short of … Read more
The seasonal nature of mango farming has left both farmers and fruit processors in distress, as the farmers complain of lack of market in the harvest season, when there is a glut, whilst the processors are left looking high and low for raw materials in lean seasons. Mango farmers across the country lose tonnes of … Read more
Ministers designate for Trade & Industry, Alan Kwadwo Kyerematen, has assured the nation that he’ll commit to a 100% local processing of the country’s number export commodity, cocoa, if the private sector will take a leading role. “Mr. Chairman, for every 100% of cocoa processed, 70% of the revenue goes to the processing factories while … Read more
Ghana’s incoming government could give the country’s $2 billion cocoa industry a boost if it installs a more transparent executive at industry regulator Cocobod and implements reforms, industry sources said. The New Patriotic Party (NPP) said its priority is to push annual cocoa output in the world’s second-biggest producer above one million tonnes when it … Read more
“My name is Papa Kwesi Nduom, born at Elmina in the Central Region specifically, from Teterkessim. My grandparents are from and lived in Elmina, Senya Breku, Gomoa Dago and Tarkwa. My parents were both primary school teachers. I am where I am today by the grace of God and through the diligence of my parents … Read more
The flag bearer of the Progressive People’s Party (PPP), Dr Papa Kwesi Nduom, has prayed to God to touch the hearts of Ghanaians to vote him as president in the December polls. “I know that many Ghanaians believe that it is God who determines who should lead this nation. Therefore, before I go any further, … Read more
PPP flag bearer Dr Papa Kwesi Nduom has said Ghana’s poor economic standing could be put down to poor governance and leadership. “We are a people made poor by bad governance practices and a leadership prepared to accept less than what our God-given abundant natural resources must provide,” he said when he took his turn … Read more
Flagbearer of the Progressive Peoples Party, Dr. Papa Kwesi Nduom on Friday took his turn at the GBC’s Presidential Encounter Series as he gave reasons why he remains the best candidate to lead the country in 2017. The PPP flagbearer among others touched on his party’s desire to create jobs for millions of Ghanaians who … Read more
A fundamental problem of the country’s cashew sector is the absence of a regulatory framework and body to manage, control and sustainably grow the sector, the Cashew Industry Association of Ghana has said. According to the association, it is essential that a legally constituted body is established, whilst a sustainable funding mechanism is put in … Read more