The Secretariat of the 24-Hour Economy programme and the Ghana Export Acceleration Authority have secured financial commitments of more than 1 billion Ghanaian cedis to develop the poultry value chain. The initiative is intended to increase local production, create jobs and reduce the country’s dependence on imported chicken.
As MyJoyOnline reports, the funds are planned to be directed toward feed production, day-old chick supplies, equipment, processing, product storage and veterinary services.
First stage of the programme
Arnold Parker, head of the Secretariat’s financing team, said during a discussion of the National Poultry Transformation Programme in Accra that the organization had received substantial commitments from financial institutions and investors. Private-sector representatives, including ABSA, Fidelity and Ecobank, are expected to participate in financing.
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About 300 million Ghanaian cedis have been allocated for the first phase of the programme. Additional financing is planned to be mobilized after the initial implementation cycle. Parker stressed the need to establish mechanisms that would enable the funds to be used effectively in the sector.
Dependence on imports
The programme covers the entire production chain, from input suppliers and breeding farms to processors and buyers of products. It also aligns with Ghana’s course toward accelerated export development and the promotion of local products on regional and international markets.
According to Ghana’s 2024 budget statement, the country consumed about 324,047 tonnes of poultry in 2022, while local production amounted to only 15,000 tonnes, or 4.6% of national demand. About 95% of consumed poultry is imported, mainly from Brazil, the United States and Europe. The Ghana National Association of Poultry Farmers estimates the country’s annual spending on poultry imports at nearly $400 million.
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