April 15, 2009
Ghana invites investments for fish feed production
The Ghana Investment Promotion Centre (GIPC) is inviting animal nutrition and fish feed companies to establish a fish mill plant to serve the aquaculture industry.
The fisheries sector in Ghana is seen as important to national economic development, and GIPC said the country has the potential to become the West African hub for fish mill operations.
There are five multinational companies in large-scale aquaculture production in the Volta Lake using cage fishing, while over 100 medium-scale farmers in the Ashanti and Eastern regions use fish ponds.
Estimated marine fish production in 2007 was 400,000 tonnes, while aquaculture brought in 10,000 tonnes. But demand in 2007 was 840,000 tonnes, and the gap in supply and demand could serve as a motivation to develop aquaculture and related industries.
There is also a ready market for a fish feed industry. The largest fish farm in West Africa, Tropo farm in Akosombo, is located in Ghana. There are also other numerous farms in need of reliable supplies of fishmeal.