Ghana to earn $2 billion in 2023 as gov’t rolls out plan to distribute 160,000 coconut seedlings
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Ghana to earn $2 billion in 2023 as gov’t rolls out plan to distribute 160,000 coconut seedlings

- Ghana is set to earn about $2 billion from the export of coconuts following plans to distribute 160 seedlings to farmers

- The Ghana Export Promotion Authority (GEPA) has already distributed 100,000 coconut seedlings to farmers in the Western and Central regions

- It has been estimated that all regions would be supplied with coconut seedlings by the next planting season

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The Ghana Export Promotion Authority (GEPA) has taken steps to ensure that Ghana earns about $2 billion from the export of coconuts by 2023.

In line with that, it is set to distribute 160,000 coconut seedlings to some farmers in a bid to boost production.

Information available shows that GEPA has already distributed 100,000 coconut seedlings to farmers in the Western and Central regions.

READ ALSO: COCOBOD estimates that Ghana could lose $1 billion as the global price of cocoa falls

Per a report by citibusinessnews.com, the Chief Executive Officer (CEO) of GEPA, Dr. Afua Asabea Asare, revealed that said farmers in nine regions will benefit from the distribution of the seedlings.

She added that it is hoped the seedlings would be planted in all the regions to which the seedlings would be distributed.

Dr. Asare expressed hopes that the remaining regions would be covered the next planting season.

She went on to say that “we are hoping that they take care of them, so that they can yield enough to contribute to the exports of the country, because most often, you find some of these seedlings that we supply sitting in the bush. Nobody is taking care of them.”

YEN.com.gh earlier reported that Ghanaian cashew farmers have expressed concerns about the fall in the price of the product.

Information available shows that it has reduced from an initial GHC8 per kilo to about GHC2 or GHC3 for the same quantity.

The local farmers revealed that it is because they are no longer able to export to Asia due to the outbreak of the coronavirus.

READ ALSO: Ghana to reduce the export of soya beans to reduce cost of feeding poultry birds

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Source: Yen Ghana

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