President of Cashew Processors Ghana calls for government support to boost cashew value chain
The government needs to support the processors and farmers in the value chain with capital
Ghana's cashew industry faces a crisis as farmers struggle with falling farmgate prices and processors battle foreign competition for raw nuts. ACPG President Caramelo Raposo has called on the government to provide stronger support, including capital and laws, to boost local production and processing. Ghana produces around 260,000 metric tons of cashew annually, but 95% of the raw nuts are exported, leaving little for local value addition.
Farmers in regions like Tuobodom and Sampa report drastically reduced farmgate prices, from 20 cedis per kilo to as low as 3 cedis, leading many to consider quitting. Local processors also express concern about the competition with foreign buyers, who have more purchasing power. The stakeholder roundtable in Accra aimed to address these issues and explore solutions for financing, technology adoption, market access, and sustainability in the cashew value chain.
Written by urgent.news from 3News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
