Tridge summary
The Ghana Export-Import (EXIM) Bank has initiated a GH¢ 30 million 'Coconut for Life' project to boost the country's coconut production and reverse the damage caused by Cape St. Paul's Wilts disease. The project aims to hybridize the Sri Lankan Green Dwarf and Vanuatu Tall hybrid varieties, producing 50,000 to one million nuts in the next five years. The project will also establish a 120-hectare coconut seed garden in collaboration with the Council for Scientific and Industrial Research (CSIR) and the Ministry of Food and Agriculture (MOFA) to produce one million nuts annually. This initiative seeks to address the bottlenecks in the coconut sub-sector and support small and marginal farmers by providing discounted seedlings. The bank has also established a coconut processing factory in Takoradi and plans to explore export market opportunities.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Alabokazo — Ghana Export-Import (EXIM) Bank has embarked on a GH¢ 30 million"Coconut for Life" project targeted at increasing the country's coconut production. Under the project, 50,000 to one million nuts of the Sri Lankan Green Dwarf crossed to the Vanuatu Tall hybrid variety will be produced in the next five years. Again, the project will support the Council for Scientific and Industrial Research (CSIR) - Oil Palm Research Institute(OPRI) to establish 120 hectares of coconut seed garden to produce at least one million nuts of the (SGD x VTT) variety annually through hybridisation. This is targeted at reversing the spread of Cape St. Paul's Wiltsdisease which has destroyed more than 3,000 hectares of coconut trees in the Western Region and continue to ravage the coconut industry in coastal areas, depriving communities of their livelihoods and increasing poverty. The Chief Executive Officer, EXIM Bank, Lawrence Agyinsam, disclosed this in an address read for him, at the launch of ...
Source: All Africa
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.