President John Dramani Mahama is expected to travel to Techiman on Monday to officially open the Nadkansco Cashew Processing Factory, a GH¢148.4 million facility financed by the Ghana Export-Import Bank (GEXIM).
The announcement was made by the Minister in charge of Government Communications, Felix Kwakye Ofosu, in a Facebook post, highlighting the facility’s potential to create jobs, strengthen local cashew processing and support farmers.
According to Mr Ofosu, an additional GH¢12 million has been provided for capacity building to support the factory’s operations and enhance the skills of its workforce.
The facility has an installed processing capacity of 100 metric tonnes of raw cashew nuts per day, positioning it to contribute significantly to Ghana’s efforts to process more of its agricultural produce locally.
At full operational capacity, the factory is expected to create 1,500 direct jobs.
Mr Ofosu disclosed that 600 workers are currently undergoing training in preparation for the facility’s operations.
The factory is also expected to support the livelihoods of thousands of cashew farmers through its outgrower network, which comprises 6,000 farmers.
Of these, 1,200 have received training funded by GEXIM to improve their capacity and support the supply of raw materials to the processing facility.