Executive Director of the African Coconut Group, Kwaku Boateng, has reported that approximately 1.8 million Ghanaians have found employment within the coconut sector.

This initiative aims to address the significant youth unemployment issue in the country.

Speaking during a stakeholder engagement meeting held on September 25, 2023, Boateng highlighted that the job opportunities in the sector were created through collaboration with farmers, nursery operators, processors, and exporters.

He emphasized that further investment in the coconut sector has the potential to make the industry more attractive to Ghanaians interested in various coconut-related businesses."

“The Coconut Festival aims to promote investment in the sector, making it more appealing for Ghanaians to engage in various businesses within the coconut industry, ranging from production to manufacturing and export,” Kwaku Boateng told the media.

He said that leveraging the potential of the coconut sector may help Ghana overcome its high unemployment rate, citing significant demand for coconut products both domestically and globally to back up his assertion.

According to a 2022 report on non-traditional exports, earnings from the coconut sector, both fresh and processed coconuts, totaled 6.3 million and 6 million dollars, respectively.

Furthermore, exports in this category increased to $21.9 million in 2021