Credit: Kekeli K. Blamey
Ghana’s tree crop sector is set to receive a significant boost with the rollout of a US$220 million tree crop diversification project, funded by the International Development Association (IDA) of the World Bank Group.
The project, which will be implemented by the Tree Crops Development Authority (TCDA) and the Ghana Cocoa Board (Cocobod), aims to enhance the production, processing, and trade of four high-value tree crops: cashew, coconut, rubber, and cocoa.
According to Dr. Andy Osei Okrah, acting CEO of TCDA, the project will focus on strengthening the entire value chain, from production to processing and export. “With US$100 million allocated to TCDA, we are well-positioned to transform Ghana into a leading producer and exporter of these key crops,” he stated.
The six-year project is expected to create jobs, improve farmer livelihoods, and boost foreign exchange earnings for the country. It will also position Ghana as a major player in global tree crop markets.
Dr. Okrah emphasized that the project aligns with TCDA’s vision of regulating and developing the tree crop industry to drive economic growth. “Our goal is to ensure a well-structured and sustainable value chain that benefits all stakeholders,” he added.
The project’s implementation is a significant step towards diversifying Ghana’s economy through the tree crop industry. With the World Bank’s funding, Ghana’s tree crop sector is poised for growth, and the country is expected to become a major player in the global market.
