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31.03.2014 Business & Finance

Cashew Industry Association holds maiden launch

By GNA
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It was organised by the GCIA and was jointly sponsored by the West African Market Link (WAML), Africa Cashew Initiative, Africa Cashew Alliance, Export Development and Agricultural Investment Fund and Wenchi Rural Bank.

The programme on the theme: Harnessing the Economic and Climatic Benefits of Cashew The Strategic Non-Traditional Export Commodity, was attended by 300 members and stakeholders across the country.

They included cashew farmers, buyers, processors, experts and researchers from the Ministry of Food and Agriculture.

Mr Edwin Nii Lante Vanderpuije, Deputy Minister of Trade and Industry, who launched the two programmes, urged stakeholders in the cashew industry to work assiduously to move from the primary production of raw materials to production of finished goods for local consumption and export.

He said the industry had the potential to be the highest export-earning sector, generating about 200 metric tonnes with increased efforts of GCIA.

Mr Seth Osei Akoto, a cashew expert at MoFA said a committee had been put in place to work out the modalities to determine a guaranteed, stable and fair price for the commodity to benefit all players in the industry.

Mr Wilfred Osei Owusu, Chief Executive Officer of WAML and Acting President of GCIA said cashew is the second largest non-traditional export crop in the country.

Alhaji Hakibu Dauda, Wenchi Municipal said the region is the hub of Cashew production in the country and therefore appealed to potential investors to put up factories in the area.

The minister visited the Wenchi Agricultural Station where Mr Aaron Akyea, the Manager complained about the unbridled encroachment of the stations lands by estate developers.

Mr Vanderpuije directed the Municipal Security Council to take the necessary action to save the situation.

Members of GCIA were taught how to process cashew products including alcoholic and non-alcoholic drinks, roasted cashew kernels, cashew kernel butter and cashew honey.

GNA

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