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
-
Wife allegedly butchers husband in deadly fight over charcoal money
10 minutes -
Anger and resignation in Tenerife as hantavirus ship approaches
57 minutes -
‘This nonsense must stop’ – UGBS Dean Prof. Bawole slams exploitation of BECE leavers for social media content
1 hour -
Asamoah Gyan fears for Black Stars as Kudus’ injury rocks World Cup plans
2 hours -
Ofori Panin school nurse killed in solo motorcycle crash
3 hours -
‘Give us two weeks’ – NIA Management pleads for calm as strike deadline looms
3 hours -
World Shea Expo 2026 launched in Wa as gov’t moves to restrict raw nut exports
3 hours -
TGMA 2026: The night ahead; who wins what?
4 hours -
Prime Insight to examine Charles Amissah report, growing NDC succession debate this Saturday
4 hours -
Kenyasi Government Hospital faces infrastructure and equipment challenges despite top performance rankings
5 hours -
Energy ministry sets up control and command centre to improve response time to power challenges
5 hours -
North East Regional Minister highlights major development gains at maiden Government Accountability Series
5 hours -
Trump says Russia and Ukraine to observe three-day ceasefire
5 hours -
Iran accuses US of ‘reckless military adventure’
5 hours -
Oppong Nkrumah named chair of NPP policy committee amid party reorganisation
5 hours