Aimed to revamp the industry and position it to curb recent imports, the Ghanaian government will invest some US$541 million to improve the poultry industry.
The chief director at the country’s Ministry of Food and Agriculture, Robert Ankobia, told the B&FT that the investment is a step closer to achieving self-sufficiency in poultry meat products.
The investment aims to expand domestic production from the current 50,000 mt per year to an envisaged 450,000 tonnes, and to increase the domestic poultry sector’s value from the existing US$62 million to US$562 million, according to Ankobia.
The breakdown of the investment is as follows:
With a focus on food security, Ankobia noted that the plans that have been set out to boost the local poultry sector form part of one of the country’s goals to achieve self-sufficiency and agrifood transformation. Other commodities in the spotlight were rice and soybeans, as was highlighted at the recent Dakar 2 Summit.
The Ghana National Poultry Farmers Association stressed that while the country’s poultry sector is on the verge of collapse, the country receives nearly 600,000 mt of frozen chicken valued at US$600 million every year.