News
President Akufo-Addo Launches ‘Aquaculture For Food And Jobs’ Programme: A new dawn for Ghana’s agricultural sector
In a groundbreaking event held on Tuesday, July 30, 2024, at Nsuaem in the Central Region, President Nana Addo Dankwa Akufo-Addo unveiled the Aquaculture for Food and Jobs Programme.
Acknowledging the efforts of the Minister for Fisheries and Aquaculture Development, Hon. Mrs. Mavis Hawa Koomson, President Akufo-Addo praised her dedication and hands-on approach.
Her leadership has been instrumental in developing this project and implementing decisive initiatives such as the annual close season for fishing, which has restored fish stocks and promoted aquaculture as a viable economic sector.
President Akufo-Addo extended his gratitude to all partners, stakeholders, and dedicated teams working to make this project a reality, emphasizing the importance of collaboration in revolutionizing aquaculture in Ghana.
President Akufo-Addo emphasized the immense potential of aquaculture, stating that the sector is a critical component of the global food system.
As the programme was officially launched, President Akufo-Addo called on all Ghanaians to support this initiative, which promises to build a stronger, healthier, and more prosperous nation. “May God bless us all, and our homeland Ghana, and make her great and strong,” he concluded, marking the beginning of a new era in Ghana’s agricultural sector.
This initiative is a testament to the government’s commitment to sustainable development, food security, and job creation.
It marks a significant milestone in the nation’s agricultural sector, aiming to harness Ghana’s abundant water resources to provide sustainable livelihoods and enhance nutritional standards.
Aquaculture currently provides nearly half of the world’s fish supply, a figure that continues to grow as wild fish stocks diminish due to overfishing and environmental changes.
In Ghana, fish is a dietary staple, significantly contributing to the nation’s nutritional intake. However, the domestic supply falls short of the demand, resulting in substantial imports that strain the country’s foreign exchange reserves.
In 2022, Ghana’s fish requirement stood at 1.31 million metric tonnes, while domestic production was only 657,000 tonnes.
This shortfall necessitated the importation of 650,000 tonnes of fish, costing $311 million.
The Aquaculture for Food and Jobs Programme aims to bridge this gap by boosting local fish production, thereby reducing dependence on imports, conserving foreign exchange, and ensuring the availability of fresh, domestically-produced fish.
The programme’s impact extends beyond increasing fish production. It is poised to transform lives by creating thousands of jobs, particularly for the youth and women.
The initiative will provide training and support to aspiring fish farmers, equipping them with the skills and resources necessary for success.
It will also foster a network of fish farms across the country, enhancing Ghana’s capacity to meet the growing demand for fish and stimulating the development of related industries such as fish feed production, processing, and marketing.
By making fish more accessible and affordable, the programme will combat malnutrition and improve public health. Fish is a rich source of essential nutrients, and increasing its availability will significantly contribute to the nation’s nutritional standards.
This initiative is not only an economic driver but also a vital component in the fight against malnutrition.
The programme is being launched in partnership with R&B Farms Ltd., the largest inland fish farm in Ghana, operating on 26 hectares of land in Gomoa Central. Under this project, the government aims to train 10,000 youth in small-scale fish farming.
The ripple effect of this initiative is expected to generate an additional 50,000 jobs along the aquaculture value chain, encompassing fish feed production, equipment supply, fish processing, marketing, and distribution.
President Akufo-Addo called on private investors to seize the opportunities presented by this programme, highlighting the substantial market for fish and fish products.
With the right investments, the aquaculture sector can be transformed into a major economic driver.
Research institutions and universities will play a crucial role in providing the knowledge and technological innovations needed to enhance productivity and sustainability.
Under this programme, the government will provide youth with training and skills development in fish farming.
They will receive tarpaulin cages, fingerlings, and fish feed as seed capital, enabling them to start profitable fish farming businesses within six months.
The launch of the Aquaculture for Food and Jobs Programme signifies a bold step towards a brighter future for Ghanaian youth and women.
It aims to meet fish consumption needs, reduce import dependency, and provide meaningful employment.
News
We have built enough buffers to pay all DDEP obligations – Finance Minister Ato Forson
Finance Minister Dr Cassiel Ato Forson has assured banks that the government has built sufficient financial buffers to meet all Domestic Debt Exchange Programme (DDEP) obligations this year.
Speaking at a high-level meeting with over 22 Managing Directors of banks, he reaffirmed the government’s commitment to fiscal responsibility and restoring confidence in the financial sector.
“We do not intend to default,” Dr. Forson declared.
“All outstanding holdouts have been paid, and we have put in place the necessary buffers to ensure that every single DDEP obligation for this year will be met.”
The Minister explained that these buffers were created through fiscal discipline, strategic investment cuts, and prudent resource allocation.
As part of this approach, the government has reset goods and services expenditure to 2023 levels and is working to achieve a primary surplus of 1.5% to sustain economic stability.
He also announced plans to submit a fiscal responsibility rule to Parliament, which will set a debt ceiling that the Ministry of Finance cannot exceed.
This measure aims to prevent excessive borrowing and reinforce financial discipline.
Beyond ensuring timely DDEP payments, Dr Forson revealed that the government is taking deliberate steps to reduce reliance on the Treasury bill market.
By improving coordination between fiscal and monetary policies, the government aims to stabilize interest rates and ease liquidity pressures on the banking sector.
Source: Myjoyonline.com
News
NSA commences President Mahama’s ‘Nkoko Nkitikiti’ vision
President Mahama’s Vision in Progress as the National Service Authority has received 10,000 “Nkoko Nkitikiti” (Day Old Chicks ) earlier this morning.
Their ongoing 100,000 Poultry infrastructure will be receiving 10,000 Day Old Chicks every few weeks until they hit their 100,000 mark for Broilers at a site in NSA Demonstration farm in Accra.
NSA is working assiduously nationwide with partners to put the infrastructure in place for hundreds of thousands of Poultry Capacity for Broilers in clusters.
Egg production is also top of their agenda in separate projects. NSA is currently putting in place the infrastructure that will receive thousands of layers in President Mahama’s quest to bring down the cost of eggs.
They expect to expand their poultry capacity base in furtherance of President Mahama’s vision to reduce the importation of poultry products and create employment
