Business Journalist, BBC News
ACCRA Street seller looks at me, confused.
I try to determine how a pretty fluttering bag of 30 g of roasted nuts that sells, in addition to full highway in the Ghana capital, costs me an equivalent of about 75 cents (60p).
This is obviously not a lot of money for me, a visitor from the UK, but I’m amazed at the label.
The price is at least 4,000% higher than the cost of buying the same weight of raw, unpubreased Indian Indian Indian Indian Indian Indian Indian farmers.
“It’s amazing,” I protest. Still she doesn’t understand my English or my reasoning.
The price of nuts is, in the end, printed on the package. And explaining why I thought it was out of pale it would never be easy.
Ghana is the world The third largest exporter Unsured nuts, behind the ivory in the first place, and Cambodia in the second.
For the production of crops, about 300,000 ganks make at least part of their living growing Indian Insa.
Nashiru Seydou, whose family has a farm in the northeast of the country, about 500 miles (800 km) from Accra, is one of them.
He says the work is difficult, and unreliable supply chains and unstable wholesale prices make it difficult to survive.
“We fight. We can use sunlight, fertile earth, to create more jobs,” he says. “I would be happy if the government came to our aid and help support our industry.”
He tells me that he is currently getting around $ 50 for a large bag of unprecedented Indian porridge.
“It’s amazing,” says Bright Simons, an entrepreneur and economic commentator at ACCRI, who studied numbers. “Roasters and merchants buy nuts from farmers for $ 500 per tonne and sell customers [both at home and abroad] For the amounts of between $ 20,000 and $ 40,000. “
On the whole, the gan annually grows about 180,000 tons of Indian cashew. More than 80% and in raw, unpublished form are performed. This generates about $ 300 million of export revenue, but it means that Gana misses significantly higher yields you get from roasted, ready to eat Indian cash regions.
Mildred akotia is one person trying to increase the amount of Indian Indian cars shelted and baked in a gani. She is also the founder of the Akwaab Fine Foods CEO, who currently processes only 25 tons a year.
Mrs. Akotia denies any suggestion that she and others like her are appreciated. Packaging and baking machines that would automatically use the Western business in this industry, he says, did not reach it because of the high cost of the Gani loan.
“If you go to a local bank, it will cost you 30% interest to get a loan,” he complains. “As a manufacturer, tell me how big your margins are that you can afford such an interest?
He says this situation is why less than 20% of the gani casses are processed locally. They were cheerful and exported to large factories in countries such as India, Thailand and Vietnam.
Exceptionally, some of these packed nuts are exported back to the gan, where they are sold at the same price as the domestic baked Indian cashews. This is despite the sea trucking trip of 20,000 kilometers and import costs.
It is a similar picture for rice, which is exported to Ghana from Asia and sells at low prices, despite the fact that Gana also raised the crop itself.
Back in 2016, the Gansko government experimented with an export prohibition of raw Indian porridge to encourage domestic processing. However, politics had to be abandoned within a few weeks after harassment from farmers and traders.
Without the cheap loans available, it was not possible for enough new Ganski Perica to enter the market. Thus, the price of raw nuts collapsed, and many started rotting because of the customer’s desire.
More recently, increased tariffs have been talking about the export of raw casinos and banning exporters who buy Indian porridge directly from the farm.
But all these interventions of politics miss the key point, according to Mr. Simons. A big challenge for local manufacturers, he says, is more to work on the basics of business and growing companies.
“To be effective in this, you need a scale,” he says, adding that companies need to promote the nutrition of Indian cashews to make it more widespread in the country. “You need a lot of ganks consuming nuts, not just a small middle class.”
Professor Daron Acemoglu, a Turkish-American economist, agrees that the construction of a strong local market is important for the Ghana Indian industry industry. He was one of last year’s winners of the Nobel Memorial Award for Economic Sciences, because of his work on the fight that the economies with low revenues face, and especially their domestic job.
Still, he says that the first priority should improve access to international markets for processed Ganish Indian porridge.
“These companies are engaged in a workforce that is not properly qualified, have an infrastructure that does not work, is constantly afraid of corrupt officials or changes to the rules, and it is also very difficult to reach foreign markets, he says.” They need a foreign market because the domestic market is small and their own government has very little capacity [to boost it]. “
He also wants to see the Gansko government improves the road and rail network to facilitate transportation costs.
But Mr. Simons thinks that he should now be on the Ganski companies themselves, in order to do the basics to improve the branding and marketing of Indian Indian branding Indian. As it is, he says, many entrepreneurs in the country only leave Ghana for better paid opportunities abroad for bureaucracy and chronism in Gani, so they are forbidden.
“There is a massive brain drain,” he says. “My theory of why the economic development of Africa was slow because we focus too much aside the supply, but real beauty is demand, creating a consuming class of insuries to eat India, and you do not have an entrepreneurial class that can create demand transformation.”
He says the same argument refers to the second major export of ghana, such as gold and chocolate, none of them get a lot of value adding to the gani before exporting to the west.
Mildred akotia hopes that she could be one of those entrepreneurs who will do a trend. Now he wants to build her own logistical hand so that she can treat Indian cashews from the farm door.
“I have a lot of calls from UAE, from Canada and America. We can’t fulfill demand at the moment. We can’t get enough core to bake.
“There is a ready market and locally and abroad. My branding is good, my marketing is good. My dream is to give face face to gan processed food.”
