twitter RSS Feed linkedin acp contact

Ghana to diversify agri sector with six tree crops

Ghana’s minister of Food and Agriculture (MoFA) Dr Owusu Afriyie Akoto said the government is planning to diversify the agriculture sector, in order to generate more revenue for national development through six tree crops

tree crops ghana 21 marchTree crops such as mango, rubber, cashew, oil palm, coconut, and shea have the potential to serve as a major source of additional revenue generation. (Image source: Adobe Stock)

According to reports by Ghana News, he said tree crops such as mango, rubber, cashew, oil palm, coconut, and shea, have the potential to serve as a major source of additional revenue generation.

He charged the Tree Crop Development Authority (TCDA), during their inauguration in Accra, to ensure that they put in much effort to generate the expected US$15bn from the six tree crops. “Each of the six tree crops in the next eight to 10 years should give us more than US$2bn, which makes a total of US$15bn…It is a huge responsibility to develop these selected tree crops in the next eight to ten years to a level where the country will be earning as much foreign exchange as cocoa.”

The minister was hopeful that with the African Continental Free Trade Area (AfCFTA), there would be the opportunity to add value to the raw materials form the tree crops for ready market on the continent.

Stephen Sekyere-Abankwa, chairperson of the board, thanked the president for reposing confidence in them and assured that they were prepared to work tirelessly to make his vision of ‘Ghana beyond Aid’ a reality.

He said the board would pursue programmes and policies that would attract huge investments in the tree crop sub-sector and with proper management, the country would be able to generate between US$5 billion and US$10 billion annually. He was optimistic of the Board’s ability to achieve the goal, nothing that though the project was a government initiative, the Authority was dominated by private sector players who were farmers, processors, traders and had interest in seeing the sector thrive.

William Quaittoo, CEO of the authority, said they would get on on a digitisation agenda to register all farmers in tree cropping for effective planning; engage in research; capacity building and an strengthen mechanisms to increase production of the six tree crops.


LATEST NEWS IN Agriculture

African Development Fund approves US$6.4mn grant to increase financial access for agricultural value chain entrepreneurs

African Development Fund approves US$6.4…

The Board of Directors of the African Development Fund, the African Development Bank Group’s (AfDB’s) concessional lending window, has approved a grant US$6.4mn to Gambia to implement the Incentive-Based Risk-Sharing...

Esri partners with Microsoft to support sustainable agriculture development in Africa

Esri partners with Microsoft to support …

To help support government and non-profit organisations on the continent address climate change, water supply and food security challenges, Esri, the global leader in location intelligence, has collaborated with Microsoft...

USAID and NASA renew partnership to address development and humanitarian challenges

USAID and NASA renew partnership to addr…

On 4 November, Administrator Samantha Power signed a Memorandum of Understanding (MoU) between the U.S. Agency for International Development (USAID) and the National Aeronautics and Space Administration (NASA) to renew...

Norway promises top-up contribution of urgently needed climate finance

Norway promises top-up contribution of u…

On 9 November 2022, Norway, as part of a commitment to triple its support to climate adaptation by 2026, has pledged an additional US$9.5mn contribution of urgently needed climate finance...

CotonChad and IDH sign partnership with Better Cotton

CotonChad and IDH sign partnership with …

Better Cotton recently signed a multi-stakeholder Letter of Intent to participate in the landscape approach, developed with local stakeholders in Chad in conjunction with IDH, intending to work towards improving...

NFU president Minette Batters appointed as ambassador of Farm Africa

NFU president Minette Batters appointed …

Farm Africa, a charity that promotes sustainable agricultural practices, strengthens markets and protects the environment in rural eastern Africa, has announced the appointment of NFU president Minette Batters as an...

Prev Next

OTHER RELATED ARTICLES - Agriculture

EOSDA to launch first agriculture-focused satellite constellation

EOSDA to launch first agriculture-focuse…

EOS Data Analytics (EOSDA), a satellite imagery analytics provider, has planned to launch seven optical EOS SAT satellites into a low earth orbit (LEO) by the year 2024

Track African fall armyworm with Russell IPM’s optimised pheromone lure

Track African fall armyworm with Russell…

UK-based biorational pest control solutions provider Russell IPM has developed and tested an effective monitoring system against fall armyworm (FAW)

African Food Security Prize launched to stop the spread of fall armyworm

African Food Security Prize launched to …

Feed the Future has opened its call for applications for the Fall Armyworm Tech Prize, which offers to fund up to US$400,000 in digital solutions that aim to help stop...

Economic fragility and rising food prices drive up hunger in West and Central Africa

Economic fragility and rising food price…

The Food and Agriculture Organisation of the United Nations (FAO) and the United Nations World Food Programme (WFP) have warned of acutely food insecure people in West and Central Africa...

Nouryon launches ingredient to improve agricultural formulations

Nouryon launches ingredient to improve a…

Nouryon is launching an ingredient for the agricultural market to help fertiliser and crop protection products to be combined in a single mix

IFAD loans US$24.8mn to Zambia

IFAD loans US$24.8mn to Zambia

US$24.8mn IFAD loan and US$7mn grant to boost smallholder agriculture in Zambia

Creating a smart farming ecosystem with digital technologies

Creating a smart farming ecosystem with …

Digital technologies set to solve complex challenges farmers and growers are facing today, according to a whitepapaer published by Intellias

Rice diversity collection plan for African nations

Rice diversity collection plan for Afric…

Experts from the IRRI's International Rice Genebank and the AfricaRice gene bank met with representatives from Kenya, Tanzania, and Uganda recently at a workshop to plan rice germplasm collection in...

IFRC President: Lesotho’s vulnerability to drought will continue without increased investment in resilience

IFRC President: Lesotho’s vulnerability …

Lesotho will continue to experience devastating droughts and food crises unless there is a dramatic increase in investment in community-level resilience and preparedness

Kenya: New rice planting system saves water and seeds

Kenya: New rice planting system saves wa…

Kenyan rice farmers are switching to a new technology that is set to double production

P4P pilot urges Sudanese farmers to run farms as business venture

P4P pilot urges Sudanese farmers to run …

The UN World Food Programme's (WFP) strong food-purchasing power and logistics capacity has been attempting to enhance local agricultural production in order to benefit smallholder farmers in Sudan

New financing opportunities for Zambia’s water and agriculture sectors

New financing opportunities for Zambia’s…

An African Development Bank (AfDB) team of experts, led by Martin Fregene, director of agricultural infrastructure and Wambui Gichuri, director of water development and sanitation, visited Zambia from 23-27 July...

Prev Next