Many people in Ghana especially Kumasi look down upon individuals who patronize in Coconut Business.
Government workers like the Police, Teacher, Bankers among others are highly revered in Kumasi but Coconut Sellers (retailers) are disregarded big time.
However, the most interesting side of it is that, these sellers earn a lot of money everyday, every week and every month.
They earn between GHS 1,500 and 2,000 every month depending on the business joint.
A retailer, Nana Kwaw known popularly as Taadi who trade around Kumasi Technical University and other retailers in Kumasi told the Daily Dispatch that, they make daily savings of GHS60 and GHS100. “At the end of the month we are able to save between GHS1,500 and 2,000 depending on how many you sell for a day.
How is the business run?
Ashanti Region is not among the places where coconuts are grown for business purpose.
But Kumasi Coconut sellers(retailers) get their goods from, Nana Afua Kobi/Abinkyi market after wholesalers have brought the goods from Takoradi, Cape Coast and some other areas in Central Region and Western Region.
Coconuts are prised base on size
The retailers said hundred Big sizes ‘Agric’ Coconuts are been sold to them at wholesale price of GHS140. They retail to customers at GHS2.5O each. Small sizes are traded at a wholesale price of GHS100, retailed at GHS2.00 each.
Also, a hundred Local Big Sizes Coconuts are been traded at a wholesale price of GHS130, retailed at GHS2.50 each. Smaller sizes at a wholesale price of GHS50 and retailed at GHS1.50 each.
The retailers declared that those at the main Kumasi Business Centres or hub like Adum, Pampaso, Kejetia, Dr. Mensah and Bantama are able to sell more than 100 pieces a day, with a saving of 100 to 150 GHS. Whereas those in other less busy areas selling 80 pieces daily with a savings of 60 – 70GHS.
Most of them have done the business for decades. They have done a lot of investment with their revenue yet, they do not want to quit the job in relation to the huge profit gains.
By: Joe Marfo