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
-
Let’s eradicate stereotypes and barriers against girls in STEM – Afcallo Ventures CEO
33 minutes -
Photos: NPP presidential candidates sign peace pact ahead of January 31 primaries
34 minutes -
IBAG President backs mandatory Local Cargo Insurance, says policy will boost cedi and protect importers
36 minutes -
GCB Bank reaffirms commitment to strengthening anti-fraud measures
44 minutes -
Full text: President Mahama’s speech at Davos Convening on Accra Reset
1 hour -
WasteGrid turning Ghana’s waste sector into climate, investment opportunity
2 hours -
Bawumia’s victory is certain; only question is margin of win – Osei Kyei-Mensah-Bonsu
3 hours -
Detty December: The Price–Value Conundrum
3 hours -
Suspect arrested over alleged counterfeit foreign currency and unauthorised firearm in Ablekuma
3 hours -
Noise does not win elections; message matters—Kyei-Mensah-Bonsu
3 hours -
US-based Ghanaian immigration lawyer cautions on embassy protest, says it could help Ofori-Atta’s case
3 hours -
Cocoa farmers claim months of unpaid produce; COCOBOD denies responsibility
3 hours -
Asikuma accident victims laid to rest at AsuopriÂ
3 hours -
Black Stars forward Mohammed Fuseini makes Champions League debut against Bayern Munich
3 hours -
Mahama calls for Africa-led development at World Economic Forum
3 hours
