Mahama Commissions GH¢148.4m Cashew Factory, Creating 1,500 Jobs in Techiman

President John Dramani Mahama is set to commission a GH¢148.4 million cashew processing factory in Techiman today, a major investment expected to boost local value addition, create jobs, and strengthen Ghana’s agro-industrial sector.

The Nadkansco Cashew Processing Factory, financed by the Ghana Export-Import Bank (GEXIM), is projected to create 1,500 direct jobs when it reaches full operational capacity.

With the ability to process 100 metric tonnes of raw cashew nuts per day, the facility is expected to significantly reduce the export of unprocessed cashew nuts while increasing domestic processing and value addition.

GEXIM Invests in Skills Development

Beyond the factory's construction, GEXIM has invested an additional GH¢12 million in workforce development and capacity-building programmes to support the project's long-term sustainability.

Currently, 600 workers are undergoing training ahead of the commencement of full operations. The company has also established an outgrower scheme comprising 6,000 cashew farmers to ensure a reliable supply of raw materials.

So far, 1,200 farmers within the network have received specialised training funded by GEXIM.

Boost for Ghana's Cashew Value Chain

The investment is expected to strengthen Ghana's cashew value chain by expanding local processing capacity, creating employment opportunities, and improving livelihoods for thousands of farmers and workers connected to the industry.

Industry stakeholders believe the project will help retain more value within the local economy by reducing dependence on raw cashew exports and encouraging agro-processing.

Advancing Industrialisation Through Agriculture

The commissioning of the facility represents another milestone in Ghana's industrialisation drive, which seeks to leverage agriculture as a catalyst for economic growth, job creation, and export expansion.

The project is expected to contribute significantly to efforts aimed at promoting agro-industrial development, enhancing competitiveness, and driving sustainable economic transformation in cashew-producing communities across the country.