tilapia investment opportunities in ghana africa

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Tilapia investment opportunities in ghana africa

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TIKEHAU INVESTMENT MANAGEMENT AUMC

A number of natural factors, as well as institutional support and a big appetite for tilapia, have contributed to the growth of aquaculture in Ghana. The Volta Lake covers an area of 8, square kilometers, and the Volta River stretches about 50 km below the Akosombo hydroelectric dam. Ghana has 11, hectares of irrigated land spread across the country, with over small dams and reservoirs in northern Ghana alone. In addition, there are 90 brackish water lagoons totaling about 40, hectares along the km coastline.

Climatic conditions are suitable for tilapia culture throughout the year. A growing middle class with a taste for tilapia is leading to rising prices despite increasing production. In fact, capable individuals in cities are investing in fish farming managed by others. In collaboration with international bodies and development partners, the government has initiated policies and regulations for the aquaculture industry in Ghana.

The Ghana National Aquaculture Development Plan has the objective of producing , MT over a five-year period, thereby increasing the market share of commercially farmed fish in the country from 3 to 30 percent by A new Ministry of Fisheries and Aquaculture Development was established in to emphasize the commitment of the government to aquaculture development. Government policy allocates 5 percent of irrigation areas to aquaculture to expand opportunities from planned irrigation schemes and hydroelectric projects.

Currently, the private sector is recognized as the driving force for the development of aquaculture in Ghana. The Water Research Institute WRI , which has been carrying out aquaculture research related to production systems and genetic improvement since , provides a range of technical support to the sub-sector.

Licenses for aquaculture operations are issued by the Environmental Protection Agencies and Water Resources Commission. Other permits for operation are issued by the Fisheries Commission and district assemblies. These permits are especially necessary to regulate site selection for cages on Volta Lake.

Public universities and institutes provide courses in aquaculture and related areas to doctorate levels. Collaborations between universities and fish farms are leading to training and internships for students with mutual benefits.

In , an Israeli company established a modern fish feed mill near Accra. It is already producing 1, MT monthly using 70 percent locally sourced ingredients and inputs and supplying several other West African countries, including Togo, Benin and Nigeria. Other international fish feed companies are working hard for shares of the market.

Fish feed, however, continues to be a concern to farmers, as it constitutes 60 to 70 percent of the production costs for cage farmed tilapia. Nonetheless, the Ranaan fish feed mill in Ghana has reported it increased sales by four times in a single year. Ghana has about seven hatcheries, with a few of them owned by the government.

It has produced a strain that grows about 30 percent faster than fish in the wild and has other improved characteristics. Most of the other hatcheries use the new WRI strain as broodstock in producing fingerlings for the whole industry. Some private farms have also developed their own strains.

Tilapia consumption in Ghana is largely defined by domestic production. Imports are illegal, and exports are minimal, although one farm aims to produce fillets for the export market. Tilapia are sold whole gutted and fresh. There is demand for both small tilapia of less than grams and large sizes weighing over grams.

Small fish sell quickly because of high patronage by low-income earners. However, the higher margins are made by the retailers and not at the farm gates. Fish farmers are not forthcoming with farming information, but net margins of 30 percent are easily achievable by cage farmers. Pre-order here.

Demand for fish is far higher than the domestic industry can supply, despite a recent surge in the volume produced i News See all articles. Latest Jobs. Tilapia cages in Lake Volta in Ghana. Photo: Kevin Fitzsimmons. Related news Marine finfish make entry into African aquaculture news.

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Will ban on illegal Chinese imports drive the country's aquaculture industry to fill the gap?

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Tilapia investment opportunities in ghana africa In fact, capable individuals in cities are investing in fish farming managed by others. Contacts John Linton. The Ghana National Aquaculture Development Plan has the objective of producingMT over a five-year period, thereby increasing the market share of commercially farmed fish in the country from 3 to 30 percent by Under pressure from farmed salmon, Alaska hunts for new tactics in battle for domestic market The Alaska salmon sector is coming off a dismal season, but long-term, farmed salmon continues to pose challenges. Ghana has 11, hectares of irrigated land spread across the country, with over small dams and reservoirs in northern Ghana alone.
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IF THE DEMAND CURVE FOR INVESTMENT SHIFTS TO THE LEFT

Will ban on illegal Chinese imports drive the country's aquaculture industry to fill the gap? Ghana is the biggest producer of tilapia in Sub Saharan Africa and its consumers have one of the highest rates of seafood consumption at 26 kilos per capita, particularly of tilapia. Demand for fish is far higher than the domestic industry can supply, despite a recent surge in the volume produced in aquaculture, and the shortfall is estimated at more than 20, metric tons.

Until recently, a considerable quantity of Chinese tilapia was reaching the country to meet demand, much of it smuggled in from neighboring Tongo, according to local reports. This led to a widely-publicized government ban on imports in August , which the minster of fisheries and aquaculture hoped would create around 50, jobs in the aquaculture sector, particularly for young unemployed people.

Its large presence in the fishing industry means Ghana has the framework for seafood distribution, but there is only one feed manufacturer and limited foreign investment -- a problem the government is working hard to turn around. Read more about aquaculture investment opportunities in many African countries in IntraFish's new report: African Aquaculture: Breaking through the Ceiling. Available end of June!

Pre-order here. Demand for fish is far higher than the domestic industry can supply, despite a recent surge in the volume produced i The chief executive of the AGI, Seth Twum Akwaboa, expressed concern about the issues narrated by the delegation, and promised that the association would work with them to resolve their concerns.

He said that, although the AGI often stays out of the headlines, its behind-the-scenes advocacy activities have often achieved results. He assured them that whilst the AfCFTA agreement had been signed, it would take quite a number of processes to become effective. He suggested that operators in the aquaculture industry should develop appropriate strategies to become competitive when it takes full effect. A new study into the methods used to slaughter farmed fish in Brazilian aquaculture has provoked serious animal welfare ….

African Blue, a Kenyan tilapia producer, could offer a model for the development of freshwater cage aquaculture across A…. More articles on freshwater fish Why fish slaughtering methods must be improved in Brazil 19 Nov Tilapia farmer wins national recognition Boosting Kenya's blue economy 11 Nov