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‘Neglect’ of coffee industry results in export revenue decline - CFG President

Raw Common Coffee Bean
Ghana
Published Feb 10, 2021

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Revenue in exports from coffee for the year 2018 was US$34,000. This is according to President of the Coffee Federation of Ghana (CFG), Chief Nat Ebo Nsarko. The US$34,000 export revenue recorded for 2018 stands in sharp contrast for the an export revenue of US$1.4 billion in 2016. “Coffee export revenue for 2015 was US$3,000, in 2016 it went as high as US$1.4 billion and fell to US$55,000 in 2017 and then to US$34,000 in 2018,” stated Mr Nsarko in an interview.

Original content

Revenue in exports from coffee for the year 2018 was US$34,000. This is according to President of the Coffee Federation of Ghana (CFG), Chief Nat Ebo Nsarko. The US$34,000 export revenue recorded for 2018 stands in sharp contrast for the an export revenue of US$1.4 billion in 2016. “Coffee export revenue for 2015 was US$3,000, in 2016 it went as high as US$1.4 billion and fell to US$55,000 in 2017 and then to US$34,000 in 2018,” stated Mr Nsarko in an interview. “So you can see that we have been struggling, whereas other African countries are doing very well and contributing hugely to their GDP, Ghana does only about 0.2 percent of GDP,” he added. The federation has lamented over government’s reluctance to invest in the production of the crop as well as its entire value chain although it requires minimum capital to do so. Meanwhile, the President in April 2019, launched the Planting for Export and Rural Development (PERD), an initiative meant to further boost ...
Source: Ghanaweb
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