A Brazilian processing company, Usibra Ghana Limited, is to establish a $25 million cashew processing plant in Ghana. The plant, which is expected to process 300 metric tonnes of cashew daily, will provide about 2,000 direct jobs in the country.
The Director of Usibra Ghana Limited, Mr. Tarisco Falcao, announced this when he paid a call to the Minister of trade and Industry, Mr. Haruna Iddrisu, in Accra. Usibra is the largest cashew nut processing company in Brazil, with two units capable of processing 70,000 metric tonnes of cashew nuts per season.
The company has a subsidiary, Nutsco, in Camden, New Jersey, USA, which processes and distributes cashew and other nuts in the US market. Usibra has an investment potential of $45 million.
Briefing the minister, Mr. Falcao said 80 per cent of the cashew processed in Ghana would be exported to the US and European markets. He stated that growers would be paid a good price for their cashews, in order to stimulate further production.