On Monday 17th of April 2023, at the Sunyani Tyco Hotel, under the auspices of the Bono and Bono East Regional Ministers and with the prior approval of the Board Chairman of Tree Crops Development Authority in the person of Mr Stephen Sekyere Abankwah, the Management of TCDA had a Stakeholders meeting with Representatives of all the value chain actors in the cashew industry in Ghana.
In attendance were,
1. Farmer Association Groups and their leadership
2. Aggregators, Traders and Exporters
3. All MMDCEs in the Cashew growing zones of the Bono Regions
4. A section of the TCDA Board members and the
5. Media (TV, radio, print, and social).
At the meeting, a review of the Minimum Producer Price of RCN was carried out as a result of the significant changes that has taken place in the variables for pricing RCN in Ghana since 15th of December 2022 when Producer Price for RCN in Ghana at the beginning of the season was announced by TCDA as GHS 8.50/kg.
The reviewed price for RCN is GHS 7.00/kg given average International Price of RCN per ton as $950.00 and average BoG FX Rate as $1.00:GHS10.47
The meeting also admonished that, Farmers should dry and clean their RCN to the required standard of 46 KOR, 190 NC, and not more than 10% moisture content.
Whilst Aggregators,Traders, and Exporters were also advised to offer nothing less than the Minimum Producer Price of GHS 7.00 for a kilogram of RCN.
The Bono Regional Minister (Hon. Awo Banahene), and the leadership of the various value chain actors made a clarion call to Parliament of Ghana to expedite the passage of the TCDA Regulations, to further strengthen TCDA to execute its mandate.
The CEO for TCDA in the person of Hon William Agyapong Quaittoo apart from leading the RCN pricing review also took the opportunity to exalt the President of the Republic of Ghana, His Excellency Nana Addo Dankwa Akufo-Addo for his insightful, smart and intelligent decision to establish TCDA to develop and regulate in a sustainable environment; the production, processing and trading of tree crops in Ghana.