President John Dramani Mahama will on Monday, November 16, officially open the Nadkansco Cashew Processing Factory in Techiman, in a move aimed at deepening local value addition, generating employment and growing Ghana’s export revenue.
The plant, financed by the Ghana Export-Import Bank (Ghana EXIM Bank), can process about 30,000 metric tonnes of cashew a year and is designed to run a round-the-clock production schedule.
Ahead of the opening, the Chief Executive Officer of Ghana EXIM Bank, Sylvester Adinam Mensah, undertook a final inspection of the facility to review its operations and check its preparedness for production.
Mr Mensah said he was pleased with the progress made and confident about the plant’s ability to spur economic activity and create jobs in the Techiman area.
The factory is also expected to cut Ghana’s reliance on the export of raw cashew by promoting domestic processing and adding value to the crop before it enters international markets.
The project forms part of Ghana EXIM Bank’s wider mandate to drive industrialisation, strengthen export capacity and grow foreign exchange earnings through investment in local industries.
