Tridge summary
The African Coconut Group (ACG), led by President Davies Korboe, is encouraging business leaders to invest in Ghana's coconut industry, positioning it as a sustainable and profitable venture with the potential to become a primary export commodity. The industry's benefits include high returns, job creation, and the opportunity to diversify Ghana's export portfolio. Korboe emphasized that coconut production is more beneficial than illegal mining, which often leads to environmental damage. The 4th International Coconut Festival Ghana, scheduled for October 2024, will serve as a platform for economic and technical discussions, networking, and mentorship for young people and women in the sector. The government's inclusion of coconut under the Tree Crop Development Authority (TCDA) in 2019 to regulate its production and export highlights the sector's growing importance, as shown by the non-traditional export figures for 2022.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The President of the African Coconut Group (ACG), Davies Korboe, has called on business leaders to explore opportunities in Ghana's coconut industry, citing its vast potential as a sustainable investment option and future leading export commodity. Speaking to journalists ahead of the 2024 edition of the International Coconut Festival Ghana, Mr. Korboe emphasized that investing in coconut production and processing offers numerous benefits, including high returns on investment, job opportunities as well as the diversification of Ghana's export base. With Ghana's favourable climate and vast arable land, the coconut industry is poised to become a significant player in the global market. According to him, the industry offers more benefits than illegal mining activities popularly know as galamsey which leads to environmental pollution. Mr. Korboe encouraged entrepreneurs to seize the opportunity, stressing that coconut has the potential to surpass major traditional export commodities ...
Source: Modernghana
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.