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      IMF endorses ECG privatisation

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      Four arrested, granted bail in connection with 3.3 tonnes cocaine bust

      Dr Bawumia to launch ‘Ghana Card at Birth’ on March 14

      Dr. Bawumia condemns Ablekuma North violence, urges presidential action

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      Ablekuma North rerun: Journalist injured following policeman’s slap

      Three teenagers jailed 10 years each for armed robbery in Buobai

      Three teenagers jailed 10 years each for armed robbery in Buobai

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      I spent $500,000 on Ibrahim Traoré movie –Lil Win

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      Richard ‘Agadas’ Boadu returning to Kotoko

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      Tottenham unveil Mohammed Kudus after completing move from West Ham

      Ex-NBA star Dwight Howard’s wife, Amber Rose, files for divorce after 6 months of marriage

      Ex-NBA star Dwight Howard’s wife, Amber Rose, files for divorce after 6 months of marriage

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      Otumfuo Osei Tutu II to galvanise mining sector for Baba Yara stadium and Nyinahin sports projects

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      KATH doctor dies over lack of laboratory for treating ‘heart attack’

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        This Ashanti Prince designed and built a signal station in Trinidad for the British in 1883

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        Songo, the African tribe where children are raised by their uncles

        Manhyia puts a ban on funerals in Asanteman

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        The story of the Ghanaian professor emeritus who did not attend secondary school

        The story of the Ghanaian professor emeritus who did not attend secondary school

        The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

        The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

        Meet the African tribe that offers free sex to guests

        Meet the African tribe that offers free sex to guests

        Meet Kobena Sekyi, the educated elite who never wore European clothing

        Meet Kobena Sekyi, the educated elite who never wore European clothing

        This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

        This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

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      ADB to support poultry farmers with GHS500m to reduce chicken import

      ADB to support poultry farmers with GHS500m to reduce chicken import
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      As part of efforts to help strengthen Ghana’s livestock sector, the Agricultural Development Bank (ADB), has announced a 500 million cedis loan facility to help poultry farmers from six regions.

      The move, according to the bank, is aimed at reducing the importation of chicken and make Ghana’s poultry industry competitive.

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      Currently, Ghana’s annual import of chicken stands at over 300 million dollars.

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      This translates into five million chicken production weekly.

      Already, the bank has approved 25 million cedis for six broiler value chain players to produce and process over a hundred thousand birds per week in the Bono Region.

      This is for the initial phase of the project.

      Speaking at a press briefing, the Managing Director of ADB, Dr. John Kofi Mensah, said the bank will disburse a total of 500 million cedis to broiler value chain players in input supply, producers, processors and market players in the six regions.

      “It is obvious that when you look at the poultry value chain, you are thinking of hatchers who produce the day-old chicks. We are thinking of actual production which in the lay man’s language is about rearing of birds especially broilers. Then broilers have to be fed and so we are thinking of feed millers and feed millers mostly use cereals like maize and soya bean. Because it’s a value chain we are also looking at the processing of the matured broilers,” he said.

      He said the regions that are set to benefit from the facility are the Bono Region, Ashanti, Eastern, Central, Greater Accra and the Western Region.

      Explaining how the project is going to compete with imported chicken as prices are lower than the local ones, Dr. Mensah stated that the loans will have an interest rate of less than 10 percent to help reduce the price of the local chicken.

      “The bank will partner the Ministry of Agriculture and Finance to effectively roll out the project, “ he added.

      Revamping the Poultry Sector in Ghana

      Livestock production is an important feature of the country’s agriculture, and accounts for 14% of agricultural GDP.

      According to the Animal Production Directorate of the Ministry of Food and Agriculture, Ghana currently imports over 240,000 MT of meat that is, chicken, beef and others to make up for its meat deficit costing the country over USD375 million annually.

      The National demand for poultry meat alone is about 400,000Mt with local production of just about 57,871MT, an indication that, imports of poultry meat is about 180,000MT with a shortfall of 162,129 MT.

      It has been identified that broiler meat importation constitutes over 80% of total meat imports into the country and broiler production has also been identified as the fastest means of reducing meat imports through local production or import substitution.

      In June last year, President Nana Addo Dankwa Akufo-Addo launched the Rearing for Food and Jobs (RFJ) Initiative in Wa, Upper West Region under the theme “Self-Sufficiency in Meat Production – a Must”

      The RFJ initiative is to modernize and transform agriculture for food, jobs and foreign exchange through the rearing of livestock such as poultry, cattle, sheep, goats among others.

      The target of this initiative for the poultry sector, is to produce 40,000MT of broiler meat on a pilot basis in 2020, and scale up production in subsequent years.

      source: Citi Newsroom

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