Cashew processors in Ghana say they plan to increase the volume of locally-sourced raw cashew nuts processed in-country from 12,000 to 80,000 metric tonnes over the next five years.
The target, when achieved, will increase the utilisation of installed processing capacities from less than 10 to 75 percent by 2023.
This, the local processors reckon, will help create more than 10,000 direct and indirect jobs in the cashew sector and help transform the country’s economy.
Nii Smith, President of the Association of Cashew Processors Ghana (ACPG) said: “Until 2023, the Association of Cashew Processors Ghana (ACPG) plans to increase processing volumes of Ghanaian raw cashew from 12,000 to 80,000 metric tonnes; and to maximise the use of installed processing capacities from the current 10 percent to 75 percent.
“As a result, local processors will create more than 10,000 direct and indirect jobs in the cashew sector, with an accumulated wage of GH¢30million annum – especially for women in rural areas.”
As part of a strategy to revamp the sector, Mr. Smith said: “One of the pillars of our strategic plan is to establish strong collaboration among members of the Association in the area of exchanging technical knowledge, aimed at defining and innovating new processing models which will ensure factoring participants in the processing space more efficiently – as well as ensuring that larger factories offer market support for the small- and medium-size factories to operate”.