Banks Urged To Invest In Aquaculture

From Ghana General News Charles Apenyedu, Asutsuare, on Friday, February 02, 2007

THE Minister of Fisheries, Mrs Gladys Asmah, has urged financial institutions to invest in aquaculture.

She said, aquaculture is a viable economic enterprise in Ghana and the ministry will not relent in its efforts to develop and nurture it.

The minister made the call here on Wednesday when she toured the Tropo Farms, an intensive commercial fish farm with some managing directors from the banking sector.

The tour was to offer decision makers from the three banking and financial institutions the opportunity to acquaint themselves with the progress in aquaculture development in the country.

Mrs Asmah said the ministry had so far trained 329 people throughout the country in mechanised fish farming and added that the Ministry would assist them with capital and equipment to start their own fish farming ventures.

Mr Mark Amakye, managing director of Tropo Farms, said the fish farming industry in Ghana has very great potential.

Noting that the weather and climatic conditions as well as availability of water are perfect, he said such conditions are conducive for large-scale production of tilapia.

Mr Adam Sulley, Head of Corporate and Customer Relations at the Agriculture Development Bank, expressed satisfaction at the tilapia production on the farm.

Source: Charles Apenyedu, Asutsuare