Ghana: MoFA targets US$12bn revenue from selected tree crops

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Published Aug 1, 2022

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Government, through the Food and Agriculture Ministry (MoFA) is anticipating to generate an annual revenue of some US$12 billion from exports of six selected tree crops – rubber, shea, mango, oil palm, cashew and coconut fruits – Sector Minister, Dr. Owusu Afriyie Akoto, has disclosed.

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The minister, who was speaking at the launch of a 5-year Strategic Plan of the Tree Crop Development Authority (TCDA) in Accra, said the strategic plan is designed to offer a lifeline to the tree crop sector in the country. “In the next five years – by 2027, our target is for each of the selected tree crops to generate a revenue of at least US$2 billion, equivalent to that of annual revenue of cocoa. This is achievable per stipulations of the strategy,” he said. Indeed, cocoa production, which has been the back bone of the economy as the most important cash crop for over 120 years, has been under threat as a result of decreased land for production in the last few years due to deforestation, climate change and other human factors. But Dr. Akoto said the tree crop sector, which is being cultivated by over 1.6 million households other than cocoa, is a great way to diversify the economy by creating more jobs, and reducing poverty. While the country’s tree crop industry has huge ...
Source: Thebftonline
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