11 cashew nut processing companies in Ghana closed down due to stiff competition from foreign businesses

Eleven out of 12 local cashew nut processing companies have closed down because of stiff competition from foreign businesses.

The foreign businesses buy raw cashew nuts and export them, a development which has denied the local companies of raw cashew nuts to process.

This came to light when the Minister of Trade and Industry, Dr Ekow Spio-Garbrah paid a visit to the Mim Cashew and Agricultural Products Limited as part of his three-day tour of industrial establishments in the Brong Ahafo Region.

GBC