Switzerland Announces USD10.5 Million Grant For Ghana's Cashew And Oil Palm Sectors

Asempa Dawuro

Feb 6, 2024 - 16:34

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Switzerland Announces USD10.5 Million Grant For Ghana's Cashew And Oil Palm Sectors

News Desk Report

(Odopa2@gmail.com)

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 is under a five - year project dubbed the Second Phase of the Ghana Private Sector Competitiveness Programme (GPSCP II).

It 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.

The GPSCP II is a bilateral initiative between the Swiss State Secretariat for Economic Affairs (SECO) and Ghana. It is jointly implemented by NIRAS International and Proforest, under the auspices of the Tree Crop Development Authority (TCDA).

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