24-Hour Economy Secretariat brokers $270m poultry project to cut chicken imports
The 24-Hour Economy and Accelerated Export Development Secretariat has brokered a US$270 million investment agreement to revitalise Ghana’s poultry industry, expand domestic production and reduce the country’s dependence on imported chicken.
The 24-Hour Economy and Accelerated Export Development Secretariat has brokered a US$270 million investment deal aimed at transforming Ghana's poultry sector, cutting imports, and boosting food security. The deal, signed in Accra, will develop an integrated poultry value chain encompassing feed production, hatcheries, commercial farming, processing, cold-chain logistics, and distribution.
Presidential Adviser and Head of the Secretariat, Goosie Tanoh, emphasized the investment's potential to reduce Ghana's reliance on imported chicken, generate jobs, and enhance livelihoods. Ghana currently consumes around 340,000 tonnes of chicken annually but imports 270,000 tonnes at a cost of approximately US$400 million. The agreement, a significant milestone in the implementation of the poultry investment program, will be executed over ten to twelve months in three phases, targeting direct and indirect employment opportunities, particularly for young people and women.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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