The Ghana EXIM Bank says it has set up a 30 Million Cedis Coconut for Life fund aimed at increasing Ghana’s current Coconut production capacity.
According to management of the Ghana EXIM Bank, the move is to increase the SriLankan Green Dwarf crossed to the Vannuando Tall variety from 50 thousand to 1 million nuts in the next 5 years.
The Western Regional Manager of the Ghana EXIM Bank, Mr. Evans Gyampoh said the fund will support the establishment of a 120 hectares of Coconut seed garden by the Council for Scientific and Industrial Research and the Oil Palm Research Institutes in Ghana.
Mr. Gyampoh made this revelation in an address at the launch of the International Coconut Festival on August 12 at Ellembelle in the Western Region.
This years’ Coconut Festival which is the second edition is spearheaded by the African Coconut Group and the Ghana Export Promotions Authority with partners such as the Ministry of Food and Agriculture among others.
The event scheduled for 2oth to 23rd September this year is on theme repositioning Ghana’s coconut sector for accelerated industrialisation agenda.
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