Ghana: African cashew processing value to hit over US$3.3bn

The cashew processing industry has a huge potential to add significant value to African economies by creating more jobs and wealth through expanding the domestic processing of raw cashew nuts (RCA), the Competitive Cashew Initiative(GIZ/ComCashew) has said, According to ComCashew, an increase in local cashew processing could among other things create at least an additional 200,000 incremental jobs for local communities, and push the industry’s value to hit over US$3.3billion in future. Africa, it says, can only harness the full potential of its cashew processing industry if the necessary policies and structures are developed and coordinated to process RCA produced locally on the continent. Currently, the cashew processing industry in Africa is valued at about US$2.2billion. The continent produces about 56 percent of the total cashew production in the world, but processes less than 10 percent. Over the years, efforts have been made to increase the processing base, thus increasing ...