Ghana estimates: $2.8bn revenue from coconut industry

If efforts to improve production, processing and exportation of the crop are successful, 2021 coconut revenues could amount up to $2.8 billion, according to Ghana Export Promotion Authority (GEPA) estimates.

As part of government’s effort to promote other cash crops in its Planting for Export and Rural Development (PERD), GEPA and the African Coconut Group are organising the first-ever International Coconut Festival to bring to bear some of the hidden benefits of coconut and how Ghana can earn foreign exchange from it.

Director of Public Relations of GEPA, Ruth Maafo, indicated, the festival, scheduled to take place between the 24th and 26th of September this year will bring together stakeholders in the coconut industry across the globe to connect to Ghanaian farmers to make them globally competitive and have value for their produce.

“The festival gives us a platform to interact more to network along the value chain and once we know more about what you can derive from coconut, people are going to develop other means of revenue streams that if they were doing it on a small scale, they wouldn’t have gotten”, she explained.

Mrs Maafo added that the Africa Continental Free Trade Agreement will also be a major boost for exporting the crop across the borders of Ghana.

Source: ghanaweb.com


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