Poultry importation discourages banks from investing in local birds

The President of the Greater Accra Women in Poultry, Gifty Rodor, has said that banks in Ghana are unwilling to provide funding for the local poultry sector due to the importation of poultry into the country.

poultry in Ghana

The Greater Accra Regional president told GhanaWeb that the low funds available in the sector inhibit the growth of the sector.

She explained that poultry farming is a capital intensive market hence the need for enough funds.

But the financial institutions do not support the sector as they should due to the cheap imports from the international market.

She indicated that the low market for local poultry as compared to the foreign ones scares banks from investing.

“Foreign poultry is cheap because they have the economy of scale to produce on a large scale. Their huge economic advantage makes them price at a low price to beat local prices. This makes Ghanaians consumes more foreign chicken than local ones.”

“On our side since our prices are high and it is not really a deliberate price raise, a lot of people do not consume our products make us have a small market. Banks are afraid of investing in our small market,” she added.

She entreated the government to ban the importation of poultry to Ghana.

In 2019, the Agric Minister, Dr Owusu Afriyie-Akoto said the government will ban poultry imports into the country in the next three years.

The government also plans to ban the importation of rice around the same time.

Dr. Owusu Afriyie-Akoto said that the government is working tirelessly to “establish the local capacity” to meet demand.

Our newsletter gives you access to a curated selection of the most important stories daily.

Welcome to the Pulse Community! We will now be sending you a daily newsletter on news, entertainment and more. Also join us across all of our other channels - we love to be connected!

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Pulse Influencer Awards 2022 is Live!

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Mathias Pogba brands Paul Pogba 'a so-called Muslim steeped in witchcraft' amid fetish claims about Kylian Mbappe

Mathias Pogba brands Paul Pogba 'a so-called Muslim steeped in witchcraft' amid fetish claims about Kylian Mbappe

Referee behind chaos at AFCON was rushed to hospital after match

Referee behind chaos at AFCON was rushed to hospital after match

Ne-Yo speaks out after wife Crystal announced end of their 8-year marriage

Ne-Yo speaks out after wife Crystal announced end of their 8-year marriage

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Sadio Mane the odd one out as Bayern Munich stars take team photo with glasses of beer

Sadio Mane the odd one out as Bayern Munich stars take team photo with glasses of beer