President John Dramani Mahama is expected to open a GHS 148.4 million cashew processing facility in Techiman on Monday, November 16, as Ghana steps up
President John Dramani Mahama is expected to open a GHS 148.4 million cashew processing facility in Techiman on Monday, November 16, as Ghana steps up efforts to expand local agro-processing and retain more value from its agricultural produce.
The Nadkansco Cashew Processing Factory, financed by the Ghana EXIM Bank (GEXIM), has an installed capacity to process 100 metric tonnes of raw cashew nuts daily.
Minister of Government Communications Felix Kwakye Ofosu announced the development in a social media post, indicating that an additional GHS 12 million had also been provided for capacity building to support the factory’s operations.
The facility is expected to contribute to the development of Ghana’s cashew industry by expanding domestic processing capacity and creating opportunities for employment and increased economic activity along the agricultural value chain.
At full capacity, the factory is projected to provide 1,500 direct jobs. Currently, 600 workers are undergoing training in preparation for its operations.
The factory is also linked to an outgrower network of 6,000 cashew farmers, with 1,200 having received training through funding from GEXIM.
The investment is expected to strengthen the connection between local cashew farmers and the domestic processing industry, while supporting efforts to move beyond the export of raw agricultural commodities towards processing and value addition within the country.
COMMENTS