Business News of Monday, 13 April 2026

Source: www.ghanaweb.com

Coconut industry can help stabilise Ghana's economy - Kwaku Boateng

Vice President of the Coconut Federation of Ghana, Kwaku Boateng play videoVice President of the Coconut Federation of Ghana, Kwaku Boateng

The Vice President of the Coconut Federation of Ghana, Kwaku Boateng, has called for increased national attention and investment in coconut production, describing it as a powerful tool for economic stability and job creation.

Speaking in an interview on Akuafo Mmre hosted by Kwaku Boateng on Esra TV on April 12, 2026, Boateng emphasised the untapped potential of Ghana’s coconut industry.

“We have seen that taking coconut plantation seriously, we can get more profits and coconut can become a rescue factor even for many of these galamsey operators,” he said.

“Everything about coconut is money. If the government supports the industry, we can establish more processing factories and hubs, add value to our produce and bring more money into the economy to help stabilize it.”

Boateng highlighted the sector’s growth trajectory, noting that Ghana has risen to become Africa’s leading coconut producer.

According to him, the country previously ranked second on the continent, with approximately 60,000 hectares under cultivation and an output of just over 300,000 metric tonnes.

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“Today, Ghana is the number one producer of coconut in Africa, with about 90,000 hectares under cultivation and production reaching around 600,000 metric tonnes,” he stated.

“We are still expanding, and this progress is the result of strong collaboration between the private sector, led by the Coconut Federation, and the government.”

He stressed that sustained government support particularly in processing infrastructure and value addition could transform the coconut industry into a major economic pillar, reduce unemployment and offer alternative livelihoods to illegal miners.



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