Tag Archives: Ghana investing in cashews

Ghana Investing Billions Into the Cashew Industry

Under one of Ghana’s economic boom policies; Planting for Export and Rural Development (PERD), the government of Ghana is making huge investment into the cashew industry to provide job for the people and also to increase the country’s economic standing.

In return, the cashew industry is expected to yield to the nation some US$2.5 billion in the next five years, Mr Augustine Collins Ntim, a Deputy Minister of Local Government and Rural Development, made this known.

He indicated that the government has devoted GHC1 billion towards the establishment of a Tree Crop Development Authority that would regulate the cashew industry and revamp that sector to contribute significantly to the country’s Gross Domestic Product.

Mr Ntim, who is responsible for Rural Economic Development and Agriculture, directed the Metropolitan, Municipal and District Assemblies (MMDAs) to raise the targeted 100,000 cashew seedlings under the Planting for Export and Rural Development (PERD) programme to meet the target.

The cashew seedlings would be supplied to registered farmers under the PERD programme free of charge for plantation.

He said the PERD has come to stay and that government is contemplating on engaging unemployed youth to plant the cashew seedlings for farmers.

Interacting with the Heads of Department (HODs) and staff of the Pru East District Assembly at Yeji in the Bono East Region, the Deputy Minister said the successful implementation of the Planting for Food and Jobs (PfFJs) and the PERD programmes depended mostly on the MMDAs.

Source – http://thepeoplesnewsafrica.com/ghana-is-investing-billons-in-cashew-industry/