Ghana secures over 1bn cedis for poultry development

The 24-Hour Economy Secretariat and the Ghana Export Acceleration Authority have secured over 1 billion Ghanaian cedis in financial commitments to transform the nation’s poultry value chain. The initiative aims to boost local production, generate employment, and decrease Ghana’s heavy reliance on imported poultry.

Funding will support various stages of the industry, including feed production, day-old chick supplies, equipment, processing, storage, and veterinary services. Arnold Parker, head of the Secretariat’s financing team, stated that the first phase of the programme will utilize approximately 300 million Ghanaian cedis, with further mobilization planned for subsequent cycles.

Private sector institutions, including ABSA, Fidelity, and Ecobank, are expected to participate in the financing. The programme seeks to develop customized lending solutions that align with poultry production cycles to better support farmers. This move addresses a significant trade gap; in 2022, Ghana consumed approximately 324,047 tonnes of poultry, but local production accounted for only 15,000 tonnes, or 4.6% of demand.