Business Daily Cashing in on Ghana's cashews
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Jan 29, 2025 Explore the vibrant cashew industry in northern Ghana, where local farmers navigate economic disparities and foreign competition. Discover how the nation's potential in cashew processing is stymied by challenges faced by small businesses. Hear the inspiring stories of local entrepreneurs who are trying to beat the odds, roasting and packaging delicious cashews. Delve into the vital connection between cashew production and Ghana's overall economic growth, and how addressing these issues could reshape the future of agriculture and entrepreneurship in the country.
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Cashew Farming in Ghana
- Ed Butler visits cashew farmer Nash Seidu in northern Ghana.
- Seidu harvests 150-200 bags of cashews yearly, earning around $10,000.
Cashew Price Markup
- Cashews sold in Accra, Ghana, have a high markup.
- Ed Butler observes a 40x price increase from farm to market.
Challenges for African Entrepreneurs
- Africa's entrepreneurs face disadvantages like poor infrastructure and corruption.
- Reaching foreign markets is difficult due to trade barriers in Western societies.