Ghana’s coconut sector is fast growing with over 383,960 metric tonnes of the fruit produced annually.
So far, production level for coconut is less than a per cent of the global production rate. This has necessitated the National Exports Development Strategy (NEDS) to intervene.
The NEDS initiative, which falls part of the government’s post Covid-19 economic recovery programme, is to “expand existing and establish new certified coconut seedling nurseries of high-yield and disease resistant varieties and increase availability of other planting inputs.”
A strategy document available to Joy Business further explains that the Coconut subsector is to benefit from an increased investment into expansion and reactivation of coconut oil mills and refineries as well as the establishment of new ones at medium to large scale level.
What this means is that projected export revenues for coconut products will spike from $5 million by the end of 2020 to $298 million by the closing of 2029.
The past 10 years have seen a resurgence of the local market for fresh coconuts and a renewed interest by investors in the coconut plantation development.
There already exist programmes to replant areas destroyed by the Cape St. Wilt Disease.
In fact, the Ghana Export Promotion Authority is supporting the production of planting material of disease-resistant hybrid varieties.
Coconuts are mostly found at the coastal belts of Ghana, typically, Volta, Western, Central and Greater Accra regions.
Eighty per cent of these coconut farms in Ghana are owned by small and marginal farmers.
- Agyinasare says he has no intention to cast a slur on Nogokpo and Voltarians
- Peter Nanfuri’s name will be written in gold in Ghana’s history – Akufo-Addo eulogizes former IGP
- NPP group in Ashanti angry with Napo over his ‘anti-party’ comments
- Social media reacts to Bawumia’s ‘One student, One laptop’ announcement
- Playback: Akufo-Addo addressed Ghanaians on Covid-19, IMF
- Akufo-Addo to address nation on Covid-19 fight, IMF deal tonight
- ‘This too has passed’ – Akufo-Addo on Covid-19 pandemic
- Stop insulting citizens if you want to be president again – Nana Akomea tells Mahama
- Don’t join NPP if you don’t believe in ‘Development in freedom’ motto – Pianim
- IMF bailout won’t immediately end Ghana’s difficulties – Akufo-Addo
- T-bills auction: Government fails to meet target again; interest rates still surging
- Government is resolute to ensure all-inclusive access to education – Bawumia
- New parliament: PM Modi inaugurates building amid opposition boycott
- Period poverty: ‘I don’t want anyone else to use rags for sanitary pads’
- How prosperity fuels dowry demand in India
- US debt ceiling deal ready for Congress vote, Joe Biden says
- Erdogan hails election victory but Turkey left divided
- Covid was not a cover-up for corruption – Akufo-Addo
- Sanitary pads should be tax-free; not menstrual luxury – Rosetta Ntriwaah Boakye
- Venice Biennale: The woman behind the whirlwind festival
- betPawa PL: Medeama go four points clear; Hearts of Oak lose against Legon Cities
- Kamaldeen Sulemana scores twice as Southampton draw with Liverpool
- Leicester suffer Premier League relegation despite win over West Ham
- Leeds United relegated after final day defeat to Tottenham
- Dealing with absenteeism during menstruation; sanitary pad bank to aid girls in Obuasi