Ghana's poultry sector receives huge investment

The chief DIRECTOR of the country's Ministry of Food and Agriculture, Robert Ankobia, said the investment is another step towards achieving self-sufficiency in poultry products.

According to Ankobia, the investment is aimed at expanding domestic production from the current 50,000 tons per year to a planned 450,000 tons, as well as increasing the value of the domestic poultry sector from the current $62 million to $562 million .

US$20 million will be spent on livestock and HEALTH technical assistance programs. US$69 million to expand and modernize feed mills, US$438 million to expand access to finance and support cost sharing for private investment in hatcheries and production expansion, US$14.8 million to support the expansion of SME processing in the region slaughter and packaging.

Focusing on food security, Ankobia noted that plans to develop the local poultry sector are part of one of the country's goals to achieve self-sufficiency and transform the agri-food sector. Other commodities in the spotlight were rice and soybeans, which were highlighted at the recent Dakar-2 summit.

The Ghana National Poultry Association stressed that while the country's poultry sector is on the brink of collapse, the country receives almost 600,000 tons of frozen chicken each year, worth US$600 million.