‘Neglect’ of coffee industry results in exports revenue decline from $1.4 billion to $34,000.

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Revenue in exports from coffee for the year 2018 was $34,000.

This is according to the President of the Coffee Federation of Ghana (CFG), Chief Nat Ebo Nsarko.

The $34,000 export revenue recorded for 2018 stands in sharp contrast for the export revenue of $1.4 billion in 2016.

“Coffee export revenue for 2015 was $3,000, in 2016 it went as high as $1.4 billion and fell to $55,000 in 2017 and then to $34,000 in 2018,” stated Mr Nsarko in an interview.

“So you can see that we have been struggling, whereas other African countries are doing very well and contributing hugely to their GDP, Ghana does only about 0.2 percent of GDP,” he added.

The federation has lamented over the government’s reluctance to invest in the production of the crop as well as its entire value chain although it requires minimum capital to do so.

Meanwhile, the President in April 2019, launched the Planting for Export and Rural Development (PERD), an initiative meant to further boost the revival of the country’s economic growth through the agricultural sector, especially, the production of cash crops like coffee for exports.

Five Benefits Of Coffee You Never Knew

The federation lauding the initiative noted that PERD is a good springboard to mainstream Ghana’s cash crop trading, including coffee – a crop that has taken the center stage as the hottest commodity on the world market in recent times.

PERD is designed to focus on the development of selected export tree crops namely cashew, coffee, oil palm, coconut, mango and rubber, and also present to Ghana opportunities for exports diversification and new sources of revenue.

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Citizen Atare is a Ghanaian who hails from the Upper East Region. He is an ICT professional working at the University of Ghana, Legon. Citizen Atare is an amateur freelance writer and blogger for over 20 years, who likes to research into everyday lifestyle issues and situations, politics, and cultural practices to write about to educate and also entertain his readers. He is a highly creative and motivated, highly inquisitive, open minded and to an extent risk-taking with a high visual acumen. He is a dreamer who isn’t afraid to break creative barriers. He is also a passionate aviation, tech and motoring enthusiast with a lot of knowledge to share and a private researcher. He has no formal education or certificate in journalism, but the hunger to know more and do more, backed by an impressive work portfolio is what drives him to write the things he knows best for his numerous online fans. Citizen Atare is married to Margaret and they both live in Accra with their lovely daughter Zoey. His hobbies include reading, listening to very good music; especially jazz, writing, watching action, sci-fi and adventure movies, travel and site seeing and swiming. He likes eating fufu and palm nut soup, but prefers boiled rice and kontomire stew with agushie more. Contact: pnawurah@gmail.com

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