Government to uncap Exim Bank levies to boost poultry production – Ato Forson
Government will uncap the levies allocated to the Ghana Export-Import Bank (Exim Bank) to increase its funding capacity and support local poultry production.
The Finance Minister of Ghana, Dr Cassiel Ato Forson, has announced plans to uncap the levies allocated to the Ghana Export-Import Bank (Exim Bank) to bolster poultry production in the country. This move comes as part of an effort to enhance the funding capacity of the bank and support the growth of the local poultry industry. By unencumbering the levies, the government aims to enable Exim Bank to play a pivotal role in financing poultry farming and the production of poultry feed.
The government's decision to uncaps the Exim Bank levies is expected to bolster the bank's ability to provide financial support to poultry farmers and poultry feed producers. Dr Forson revealed that the increased funding will allow the bank to take a leading role in financing poultry farming and feed production under the 'New Economy' programme over the next four years. Furthermore, Exim Bank will be mandated to dedicate at least 40% of its generated revenue to supporting the poultry sector from 2027 to 2030.
The intervention is aimed at strengthening domestic poultry production and reducing Ghana's reliance on imported poultry products. Dr Forson emphasized that the government has tasked Exim Bank to collaborate with industries to make Ghana self-sufficient in poultry and feed production. By leveraging this funding, the government hopes to cultivate local chicken production, support Ghanaian businesses, and create employment opportunities within the poultry value chains.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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