Cashew production in Ghana gets over-US$375,000 boost

Summit Vision Microfinance has since 2021 disbursed over US$375,000 in working capital to cashew producers in the Offinso North district of Ghana’s Ashanti Region to increase production. The working capital was disbursed to cashew nursery operators for grafting seedlings, and for smallholder farmers to expand their farms. The financing by Summit Vision Microfinance, according to Offinso North District Chief Executive Asare Bediako, is contributing to the government and district assembly’s strategy of transforming the area into a major cashew production hub, create jobs for youth, alleviate poverty and contribute to economic growth. “My district is better-off economically. Most of the farmers who received financing from Summit Vision Microfinance to procure seedlings have seen their crops maturing, and are now looking forward to a bumper harvest and good returns on their investment,” he said. Until about five years ago, farmers in the Offinso North district of Ghana’s Ashanti ...