AQUACULTURE Pathways to Food Security & Economic Development in Ghana, West Africa
Overview What Is Aquaculture? Aquaculture In Ghana Statistics Food Security & Economic Development Entrepreneurships, Trade & Investments Pros & Cons Next Steps
What Is Aquaculture? Different from Agriculture and Fishing Two Forms: Off-Shore “Water” Based On-Shore “Land” Based
Blueprint Materials Area & Water Fish & Feed Components Tanks Pumps Filtration Aeration
Education & Maintenance Education Training Biologists and Engineers Managers & Accountants Maintenance Maintain Balanced Eco-System Repair Components Feed, Grow & Catch Fish
Ghana Land 238,535km 2 (92,098 mi 2 ) Coastline km (343.8 mi) Inland Water Coastline 24,000 km 2 (14,913 mi 2 ) Population 24 Million (45% children)
Aquaculture In Ghana Ideal Country for Aquaculture Suitable Natural Environment Stable Government Government Support: Tax Breaks & Incentives Growing Economy Workforce High Fish Demand
Fishing Industry Three Sectors Marine78% Inland19% Aquaculture 3% Market Trends Marine & Inland Decline Aquaculture Rise80% Renewable & Sustainable Main Product: Tilapia & Catfish
Fish Protein Statistics Requirement 992,000.0 MT Production (Minus Export) 397,445.2 MT (40.00%) Production 441,590.0 MT Export 44,144.8 MT Import 191,428.9 MT (20.00%) Consumption 558,874.1 MT (59.36%) Deficit 403,125.9 MT (40.63%)
Trade Deals: Who Benefits? Importers EU (UK, Poland, Belgium), Netherlands Mauritania Exporters European Union Trade Partners EU, China, Japan
Food Security & Economic Development Food Security = National Security Sustainable Sovereignty Education Environment Economic Development Power, Stability, Independence & Justice
Entrepreneurships, Trade & Investments Ghanaian Citizens Ghana Economy Trade: Exports & Imports Infrastructure International Standing Investors Interested in Africa
Pros & Cons CONS New Industry (Viability & Training) Start Up Costs (Capital) Maintenance Fees & Infrastructure Marketing Feed Supply Environmental Aspects
Pros & Cons PROS Fast Growing Industry Relatively Easy Business Enter on the Ground Level Low Start Up Cost & High Return Sustainable Food Source
Far East Farms Near Volta Lake in Sogakope, Ghana Focus Find Investors Increase Production Established Reduce Deficit Economy
Far East Farms Major Fish Products Tilapia & Catfish (Packaged & Unpackaged) Target 80% of the Local Market Competitive Prices Advertising Customer Service Local Activities: Restaurants, Shops, Cultural Events, Festivals for the Greater Accra Region
Next Steps More Information Aqauculture Investment Opportunities MOFA FAO The Fish Site Far East Farms Fish Feed Industry Aquaponics
Give a man a fish and he eats for a day. Teach a man to fish and he can feed himself for life.
AQUACULTURE Pathways to Food Security & Economic Development in Ghana, West Africa Presented By Keva Williams In Association With Pan African Global Trade Conference Frederick M. Lomotey Executive Director, Far East Farms Special Thanks To CSUDH Africana Studies Department For More Information Visit Osas Eguae Salim Faraji US Representative, Far East Farms California State University, Dominguez Hills Republic of Ghana, Ministry of Food & Agriculture (MOFA) United Nations, Food & Agriculture Organization (FAO) The Fish Site (Industry Information) Kemet Nu (CSUDH Black Student Org )