Akuapem Gold Avocado Cultivation and Processing Limited is nursing 1.5 million avocado seedlings for its farms, to process the fruit for fresh produce as well as oil exports. The nursing takes place on the company’s two-acre nursery at Nkronso in the Abuakwa South Municipality in the Eastern Region. It is said to be the largest in West Africa. The fruit would serve as raw material to feed the company’s GH¢95 million (€14.3 mln) factory, scheduled to start operation by November this year.
Falling under the government’s ‘One District-One Factory (1D1F)’ program, the factory has the capacity to produce 110 tonnes of avocado oil and package 300-400 tonnes of avocado fruit per day for export.
Minister of Trade and Industry, Alan Kyerematen, has stated than the company was a best case scenario of the government’s plan to assist industries to add value to the country’s popular crops to make them cash crops. Kyerematen noted that avocado oil is one of the highly-priced commodities worldwide at this time, due to its growing demand. He added that Ghana stood to benefit greatly from exporting such a product.