The 24-Hour Economy Secretariat and Accelerated Export Development Authority has mobilised financing commitments exceeding GH¢1 billion to support Ghana’s poultry value chain.
The financing is aimed at boosting local production, creating jobs and reducing Ghana’s heavy dependence on imported chicken.
Speaking at the National Transformation Poultry Programme stakeholder discussions in Accra, Mr. Arnold Parker, Funding Team Lead of the Secretariat, said the funds will support investments across the entire poultry value-chain including feed production, day-old chick supply, equipment, processing, storage and veterinary services.
He said strong commitments have been secured from private sector actors, notably ABSA, Fidelity and Ecobank.
The first phase targets about GH¢300 million, with additional financing expected after the initial implementation cycle.
“The funds are ready, but we must put in place the right structures to draw down the financing and deploy it effectively across the industry,” Mr. Parker said.
He noted the programme goes beyond increasing production to strengthening the entire chain from input suppliers and breeders to processors and off-takers, aligning with Ghana’s Accelerated Export Development agenda to position locally produced poultry for regional and international markets.
Mr. Parker stressed the need for financing products that reflect poultry production cycles, saying conventional lending puts undue pressure on farmers, and noted that banks and industry players will develop customised financing solutions.
He said the Secretariat will also collaborate with research institutions including the Council for Scientific and Industrial Research (CSIR) to improve productivity and innovation.
Ghana remains heavily import-dependent. According to the 2024 Budget Statement, the country consumed about 324,047 metric tonnes of poultry in 2022 but produced only 15,000 metric tonnes locally, just 4.6% of demand. The Ghana National Association of Poultry Farmers estimates the country spends nearly US$400 million annually on imported poultry, mainly from Brazil, US and Europe.
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