Ghana projected to earn substantial revenue annually from six tree crops, according to TCDA

Published 2021년 8월 13일

Tridge summary

The Tree Crop Development Authority (TCDA) of Ghana has identified six tree crops with the potential to generate up to $2 billion in revenue annually within the next decade. The crops are cashew, shea, mango, oil palm, coconut, and rubber. This initiative is a part of a plan to diversify the country's agricultural revenue sources beyond cocoa, as cocoa brings in about $2 billion annually. The TCDA is also working on technical regulations for the production of these crops, which are expected to be presented to the Cabinet and Parliament by the end of 2021.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

•Six tree crops have the potential to rake in foreign exchange earnings for Ghana •They are; cashew, shea, mango, oil palm, coconut and rubber •Cocoa alone brings in US$2 billion worth of revenue The acting Chief Executive of the Tree Crop Development Authority, William Quaitoo, has estimated that Ghana has the potential to earn US$2 billion worth of revenue annually from six identified tree crops over the next 10 years. The tree crops are, cashew, shea, mango, oil palm, coconut and rubber, all have the potential to generate substantial revenue in foreign exchange earnings. In an interaction with Joy Business at a workshop organised by the Authority, William Quaitoo pointed “Cocoa brings in about US$2 billion annually and President Nana Addo Dankwa Akufo-Addo has charged TCDA to develop the sectors to earn same if not more in 10 years due to huge demand on the international market”. Meanwhile, the TDCA and its partners are currently looking at a number of ...

Source: Ghanaweb