Business News of Monday, 21 October 2019Source: www.citibusinessnews.comCartels hindering exports of coconut from Ghana to Nigeria - Nigeria Coconut TradersTotal annual production of coconut currently stands at approximately 229 million piecesThe Nigeria Coconut Traders are accusing their Ghanaian counterparts of preventing them from fully accessing the Ghanaian coconut industry. According to them, some Ghanaian coconut exporters together with a few Nigerians have formed a cartel to prevent new investors from contacting coconut producers and marketers in Ghana. Currently, Ghana produces about 60 percent of the coconut consumed in Nigeria. We realised that some segments of people are now trying to thwart our efforts of investing in the coconut market. This development comes at a time when Ghanaian traders are also complaining about the closure of Nigeria borders which has left millions of Ghanaian goods stuck in Benin.

Source: GhanaWeb October 21, 2019 07:41 UTC