The Ghana Investment Promotion Centre is promoting these opportunities in the seafood sector.
1. Harvesting and processing of tuna and various aquaculture species
2. Establishment of inland farms to grow Tilapia and perch
3. Joint ventures with investors to upgrade and expand sector – introduce modern vessels, advanced tracking, capture, modern processing and packaging equipment, accessories such as block/flake/crushed ice machines; and increasing cold storage capacity.
Advantages
• Abundant stocks: Ghana’s 550km of coastline and 8,520 square km of water surface area provide an abundance of marine life (particularly tuna), aquaculture and inland fish species.
• Human resources: Large base of skilled and unskilled workers; low labour rates
• Financing: Over 30 banks, insurance and brokerage firms, and a stock exchange allows companies long term
capital at low cost.
• Markets: Major European markets and privileged trading status with ECOWAS, West Africa’s trading block with a combined population of 250 million.
• Good physical infrastructure
Incentives
Investors will benefit from 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.
For sector specific incentives and further information on investing in sea food processing contact Ghana Investment Promotion Centre (GIPC).
Key contact:
Edward Ashong-Lartey
Director, Promotions & Public Relations
Email: eashonglartey@gipcghana.com
Tel: +233 302 665125 - 9
