Business News of 2014-03-04

Gov't to support local poultry industry

The Deputy Minister of Food and Agriculture, Dr Hannah Louisa Bisiw, has indicated that the government is working on a proposal for funding to revamp the poultry industry in the country.

That is part of efforts to ensure the production of adequate meat, animal and dairy products to meet the country’s protein requirement, the deputy agriculture minister said.

It will also help the country to cut the huge import bill on meat and meat products, which is currently pegged at over $300 million.

She said this at the launch of RE3, a new natural poultry and livestock feed additive from Canada, which was distributed by the Boris B’s Farms and Veterinary Supplies Ghana Limited and Best Environmental Technologies in the Ashanti Regional capital, Kumasi.

The minister observed that given that the country’s national annual meat requirement was likely to increase, the increase in demand for meat products would make a case for profitable business in the livestock sub sector.

The Chief Executive Officer (CEO) of Boris B’s Farms and Veterinary Supplies, Mr Boris Baidoo, said the company’s commitment to provide quality services and products to the poultry and livestock industry necessitated their partnership with Best Environmental Technologies to distribute RE3 to farmers in the country.

He said the company would establish and set up a feed mill to produce quality feed for the poultry market at an affordable rate to alleviate the plight of farmers.