Ghana: GEPA targets US$2.8bn annually from Coconut exports

Published 2022년 9월 23일

Tridge summary

The Ghana Export Promotion Authority (GEPA) is aiming to generate an annual revenue of US$2.8 billion from the export of semi-processed and processed coconut products. This is in response to the booming global demand for these products. In the past five years, GEPA has focused on revitalizing the coconut industry, with notable successes including a 132% increase in coconut revenue and a 33% increase in coconut oil revenue in 2021 compared to the previous year. This revitalization effort is supported by various collaborations and policies, including the Food and Agriculture Development Policy, which aims to leverage the coconut industry for food security, environmental protection, and poverty alleviation. The International Coconut Festival, organized by the Africa Coconut Group and GEPA, is a key platform for promoting the coconut industry and attracting international investment.

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Original content

The Ghana Export Promotion Authority (GEPA) has said it is targetting an annual revenue of US$2.8 billion from exporting semi-processed and processed coconut annually, as there is a booming global market for fruit. Deputy CEO of GEPA, Samuel Dentu – who was addressing dignitaries on behalf of GEPA’s CEO Dr. Afua Asabea Asare at the 2nd edition of the International Coconut Festival in Accra, said the Authority in the last five years has given priority to the coconut industry. “In 2017, GEPA launched the coconut revitalisation intervention with the clear objective of reviving the then ailing coconut industry to improve the supply capacity of the value chain. Since then, we have seen the revenue potential of the crop rising,” he said. According to GEPA’s 2021 non-traditional export statistics, coconut raked in US$11.44million while coconut-oil earned Ghana some US$6.99million. These figures represent an increase of 132 percent and 33 percent respectively over the 2020 figures. “With ...

Source: Thebftonline