• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

Ghana’s Coffee and Shea Butter sectors to receive a Boost

14/11/2019
Reading Time: 2 mins read
Flag of Ghana sticking in roasted coffee beans.(series)

Flag of Ghana sticking in roasted coffee beans.(series)

405
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

The Minister of Finance in the 2020 Budget indicated efforts to finalise reforms in the coffee sector to improve marketing of the produce. According to the Minister, the coffee sector received a budgetary allocation of GH¢2.04 million in the 2018/19 crop year to support activities in the coffee sector.

A major support was to raise 5 million improved coffee seedlings for free distribution to the coffee farmers.

The sector however in the 2019/20 crop year would receive an amount of GH¢1.9 million for support. Support will take the form of free supply of improved seedlings to farmers. This would be in addition to the free extension services already being given to the sector.

Coffee is part of Ghana’s non-traditional export (NTE) produce. In the 2018/19 crop year, 900 tonnes of coffee was produced in Ghana.  A government scheme launched in 2011 to revive the sector has transformed production and marketing of Ghanaian coffee.

It led to 2,400 hectares of new and revitalised coffee plantations, with farmers attracted by the introduction of fair prices for the crop.

The primary coffee plant variety historically grown in Ghana is Robusta which is considered to be a lower grade coffee than Arabica

Shea Butter

As part of initiatives to deepen the shea butter sector, the government is working on operationalising a regulatory body with its own source of funding for shea butter. The COCOBOD is leading this initiative, and has moved its head office to Tamale. It has also set up another office in Wa.

According to the Minister, these efforts are expected to deepen the shea butter sector to make it a meaningful contributor to the economy.

Shea butter grows all by itself and being one of the easiest commodities to manage, it would serve as a good job creation and economy diversification avenue for the country.

An additional boost is the fact that a faster-growing variety, that takes only 3 years to grow instead of the 10 year gestation has been discovered as well.

Ghana Talks Business: ghanatalksbusiness.com

Previous Post

Tax Policy Proposals of the 2020 Budget – Deloitte

Next Post

Cleanliness tips to learn from Japan

Related Posts

No Content Available
Next Post
Cleanliness tips to learn from Japan

Cleanliness tips to learn from Japan

Ursula Owusu, KELNIGVG, ghanatalksbusiness.com

KelniGVG Saves Ghana from Tax Leakage – Minister

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2023 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2023 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In