He claimed the price on the international market for almond oil is well over US$ 10,000 a tonne, insisting that it was not prudent for the state to highly depend on Cocoa and Oil to generate revenue for development.

“Cocoa has never gone above US$3,600 a tonne. Oil palm is currently US$800 a tonne,” he noted.

He explained the move could leap the country’s finances to help address the development gap in the country.

“A rough estimate based on the above could potentially produce 30 million tonnes of oil, multiplied by 10 per litre and Ghana’s could potentially generate US$300 billion dollars,” he stated, adding: “Financing of this programme, will be made available from different local and international sources and it will be an incentive-based scheme based on out grower system.”

Comments: