President John Dramani Mahama is today expected to commission a GH¢148.4 million cashew processing factory in Techiman, in a major boost to Ghana's cashew industry and the government's industrialisation drive.

The Nadkansco Cashew Processing Factory, financed by the Ghana Export-Import Bank (GEXIM), is expected to create 1,500 direct jobs when it operates at full capacity.

The facility has an installed processing capacity of 100 metric tonnes of raw cashew nuts per day, positioning it to significantly enhance local processing and value addition in the cashew sector.

In addition to the GH¢148.4 million investment in the factory, GEXIM has provided another GH¢12 million to support capacity building and skills development.

Currently, 600 workers are undergoing training in preparation for the factory's operations, while the company has established an outgrower network involving 6,000 cashew farmers.

Of the farmers in the network, 1,200 have so far received training under funding provided by GEXIM.

The investment is expected to strengthen the local cashew value chain by creating employment opportunities, supporting farmers and increasing the country's capacity to process raw cashew nuts locally rather than exporting them in their unprocessed form.

The commissioning of the facility marks another step towards promoting agro-industrial development, expanding economic opportunities and creating jobs through local value addition.

Story by: Andre Mustapha Nii Okai Inusah
Popularly Known As: Attractive Mustapha
Email: attractivemustapha@gmail.com
Contact Number 0244259564