Audio By Carbonatix
The Chamber of Aquaculture Ghana is appealing for tax waivers from the government to enable the industry compete with other African countries participating in the Africa Continental Free Trade Area.
According to Research Director of the Chamber, Dr. Lawerh Tetteh, fish feed contributes about 70% of their production cost which is affecting their business, hence, the need for government support.
“We are now going to compete with other fish producing countries in Africa. As you know - Ghana - we don’t have waivers on the materials that we use to produce fish feed. And in Ghana, fish feed alone contributes close to 70% of the production cost so if we can get state agencies or the government to give ours some tax exemptions or waivers, this will go a long way to help the sector to be prepared and ready to compete with other countries outside Ghana,” he noted.
Also, Dr. Lawerh Tetteh mentioned that, “now that the Continental Free Trade Area is in full force, the fish sector, especially, tilapia, catfish production has been liberalized, so companies in other parts of Africa like Egypt, South Africa or Zambia that have better economies of scale can just bring their produce in Ghana and we will not be able to compete,” he added.
Earlier this week, the Minister of Fisheries and Aquaculture Development, Mavis Hawa Koomson, called on players in the artisanal fishing sector to forge strong working relationships among themselves to overcome the challenges they face and contribute to improve conditions in the fishing industry.
According to her, it is imperative for all players in the fishery sector to work closely with the ministry to fashion out ways to protect and maintain livelihoods in the sector for both current and future generations.
Latest Stories
-
Government renews curfew in Nkwanta South amid security concerns
3 minutes -
StarOil CEO takes swipe at rivals over fuel pricing as firm posts record daily sales
4 minutes -
South African team helps search for politician swept away by Mozambique floodwaters
4 minutes -
Thirteen schoolchildren killed after bus collides with lorry in South Africa
8 minutes -
Daily Insight for CEOs: The CEO’s role in strengthening execution discipline across the organization
12 minutes -
Ofori-Atta is happy ahead of January 20 immigration hearing – Lawyer says
13 minutes -
Rebecca Tweneboah Darko: Do not leave any money on the table
20 minutes -
We are positioning GHAMRO to be Africa’s leading CMO – CEO Jackson Brefo
29 minutes -
How Pan African AI Summit is turning Ghana’s youth demographic into a digital economic engine
32 minutes -
Barekese residents, traders protest siting of 24-hour economy market in Asuofia
35 minutes -
Don’t break the bank for a wedding – The Brotherhood backs Duncan Williams on modest ceremonies
36 minutes -
Ofori-Atta has not been moved from Caroline Detention Facility in US – Frank Davies
47 minutes -
Ayalolo extends bus operating hours to ease peak-time commuter pressure
52 minutes -
Man arrested for allegedly stabbing woman in both eyes with scissors at Sefwi Abrokofe
1 hour -
Health Ministry to investigate Fourth Estate report on Ridge Hospital
1 hour
