Ghana has good investment opportunity in aquaculture and mariculture. IN this context the Ghana Investment Promotion Centre (GIPC) is inviting animal nutrition and fish feed companies to establish a fish mill factory to serve the industry. The country has potential to become the West African hub for fish mill operations. GIPC has a project to extablish a fish mill factory. It is found that there are many aquaculture companies who require feed for their operations, making this a profitable opportunity for potential investors. So there is big market for the interested investors to have a market monopoly as there is no company operating a mill in the region at the moment. It is said that animal nutrition and fish feed companies interested in this opportunity will serve modern agriculture and aquaculture with knowledge-based, sustainable feeds and feed ingredients. It is informed that Ghana’s fisheries sector is important to national economic development, with an estimated contribution of 3 percent of total GDP. There are five multinational companies in large-scale aquaculture production on the Volta Lake using cage fishing, while over 100 medium-scale farmers in the Ashanti and Eastern regions farm using fish ponds. According to the Ministry of Fisheries, the national fish requirement has grown from 676 000 tonnes in 1995 to 840 000 tonnes in 2007. The deficit between fish requirement and production is therefore a prime motivation in the development of aquaculture and related industries. It is told that the investors benefit from various incentives such as:Tax holidays, 100 % tariff exemption on production equipment, locational incentives, low corporate tax, 100% profit expatriation; and a stable environment conducive for investment.
Good investment in fish mill factory
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