Audio By Carbonatix
The Minister of Trade and Industry with oversight responsibilities for trade regulations and controls under the Import and Export Law (Act 503 Section 13) of 1995 as amended in 2000, has issued the following Administrative Directive on the purchase and export of Raw Cashew Nut (RCN).
Henceforth, all traders and processors are to note that they are allowed to purchase Raw Cashew Nuts during the main harvesting season from January to June but export of Raw Cashew Nuts is permitted only after 31st May onwards.
Any raw cashew nuts that are brought to ports or borders of Ghana for export between 31st March and 31st May, 2016 shall be confiscated to the State.
The Public is hereby obliged to take note and comply with this directive.
It has been noted with concern that as much as 95% of Ghana’s total production of cashew nuts estimated at 68,000 MT is exported in its raw form to overseas for processing.
Processing of RCN into cashew kernels in Ghana increased from 4,250MT in 2009 to 17,600MT but this has plummeted reaching a very low figure of 2,500MT in 2015. This implies that the industry is operating at just 5% of its installed processing capacity of 65,890MT.
Local processors are unable to obtain adequate supplies of raw materials for processing due to intensive competition with purchases from traders at the farm gate.
This situation is stifling the Ministry’s objective of promoting value addition under the National Export Development Programme (NEDP) 2016-2020 which seeks to increase earnings from the Non-Traditional Export (NTE) sector.
The survival of the industry which is processing cashew in Ghana is on the brink of collapse and will only survive on the availability of adequate supply of raw cashew nuts for processing.
Latest Stories
-
Key observations on the Constitutional Review Commission Report submitted to President Mahama
2 minutes -
Video: JoyNews engages Prof Kwasi H. Prempeh on proposed constitutional reforms
6 minutes -
Awaso STEM SHS matron, cook remanded for allegedly stealing food items
9 minutes -
Deputy Finance Minister hails ADB’s remarkable turnaround, record growth and rising confidence
36 minutes -
Why 5-year presidency may end 8-year tradition – H. Kwasi Prempeh explains
49 minutes -
Ashanti Regional Council of Elders commends NPP minority caucus for parliamentary resilience
59 minutes -
ECOWAS admits Burkina Faso, Mali and Niger as non-ECOWAS members of GIABA
59 minutes -
Road Safety Authority urges road users to avoid alcohol and drugs during yuletide
1 hour -
Sekondi-Takoradi is the Christmas city of Ghana—Takoradi MP
1 hour -
Christmas celebration: Expose wrongs, embrace lawful initiatives—Clergy urge Ghanaians
1 hour -
No automatic second term – H. Kwasi Prempeh says 5 years will expose non-performers
2 hours -
Boko Haram suicide bomber behind Borno mosque blast in Nigeria, army says
2 hours -
Five killed in Nigeria mosque attack, police say
2 hours -
13 inmates at Nsawam Prison granted bail under Justice for All Programme Â
2 hours -
Deputy Finance minister commissions first-ever electricity for Awurahae and Sarpor communities as Christmas gift
2 hours
