Boost for cashew, oil palm processing as SECO commits US$10.5m towards 20% value addition

The Switzerland government, through the Swiss State Secretariat for Economic Affairs (SECO), has announced a US$10.5 million grant for the cashew and oil palm sectors.

The investment, which is under a five-year project dubbed the Second Phase of the Ghana Private Sector Competitiveness Programme (GPSCP II), aims to achieve 20 percent domestic processing of cashew and oil palm over the project’s duration, in addition to comprehensive regulatory and value chain harmonisation and capacity building.

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