Skip to main content

Ghana's cashew sector partners seek new funding model as donor support declines

 cashew, Tree Crops Development Authority

The Tree Crops Development Authority (TCDA), STAR Ghana Foundation and Cashew Watch Ghana (CWG) are seeking to diversify funding for Ghana's cashew sector by tapping government support, private sector investment and matched financing as donor funding for development programmes continues to decline.

The partners reached the decision during a strategic meeting in Accra, saying a broader financing model was needed to sustain climate-resilient interventions, farmer advocacy and value chain development.

The discussions formed part of a review of the Amplifying the Voices of Cashew Farmers (AVCF) Project, funded by STAR Ghana Foundation under the Amplifying Voices for Inclusive Development (AVID) Programme.

The organisations also called for increased investment in climate-smart agriculture, farmer education, climate-resilient planting materials, improved land management and extension services to help producers adapt to the growing impact of climate change.

The TCDA, as the regulator, cannot do it alone. That is why strategic partnerships and collaboration are essential to mobilising the resources and expertise needed to transform the sector," TCDA Chief Executive Officer Dr. Andy Osei Okrah said.

He said collaboration among government, civil society organisations, development partners and farmer groups was critical to addressing emerging challenges in the tree crops sector, and commended STAR Ghana Foundation and Cashew Watch Ghana for strengthening farmer engagement and promoting participation in sector governance.

STAR Ghana Foundation reaffirmed its commitment to supporting citizen participation, accountability, environmental sustainability and inclusive development.

The Executive Director of STAR Ghana Foundation, Ibrahim-Tanko Amidu, described the Foundation's partnership with Cashew Watch Ghana as "one of the most productive collaborations" and called for more sustainable financing to expand interventions and improve livelihoods across the cashew value chain, particularly for women.

How long can we continue to depend on donor funding for projects with such significant impact? The time has come to rethink the financing model and bridge the funding gap by developing more sustainable sources of support for our development initiatives," Amidu said.

Simon Asore of Cashew Watch Ghana presented the project's achievements, lessons learned and emerging opportunities, citing improvements in farmer participation, accountability and engagement across the cashew value chain.

The meeting ended with the three organisations pledging to deepen collaboration, strengthen climate resilience initiatives and develop diversified financing mechanisms to support Ghana's tree crops transformation while keeping smallholder cashew farmers at the centre of sector development.

The Amplifying the Voices of Cashew Farmers (AVCF) Project is being implemented by Cashew Watch Ghana with funding from STAR Ghana Foundation under the Amplifying Voices for Inclusive Development (AVID) Programme. The initiative aims to strengthen the capacity of cashew farmers and their organisations to engage in policy dialogue, advocate for reforms and promote sustainable livelihoods, climate resilience and inclusive growth across Ghana's cashew value chain.

Comments

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...