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In line with its mandate to create an enabling environment for the growth of tree and industrial crops for the economic development of Ghana, the Tree Crops Development Authority (TCDA) organized a seminar to educate stakeholders within its value chain on the government plans for the sector.
The TCDA Operations and Strategic Focus workshop held in Accra, highlighted the support of the Government of Ghana in production and value chain, licensing and regulation, research and capacity building.
In his presentation, TCDA CEO William Agyapong Quaitoo said the government is committed to supporting the large-scale production, processing and export of the 6 crops targeted under the TCDA with palm in oil, cashew, mango and rubber each allocated 15%, while and shea each takes 20% of the total income allocation.
He added that for the local economy to fully benefit from international trade, Ghanaian businesses must understand the importance of licensing and complying with trade regulations, especially when exporting.
Agricultural researcher and second vice-president of the Coconut Federation of Ghana (COCOFEG), Kwaku Boateng, praised the government of President Nana Addo Dankwa Akufo-Addo for establishing the TCDA and for demonstrating ‘Great confidence in the coconut industry by granting it the highest increase through the TCDA Revenue Allocation.
He said the coconut industry has the potential to bring the nation $ 2 billion in revenue by the end of 2024, and that COCOFEG will continue to support the initiative to realize its full potential. job creation and economic development.
The Ministry of Food and Agriculture (MoFA) estimates that under the TCDA, Ghana will earn $ 16 billion from the tree industry in annual revenues from 2028.
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