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
-
Why Ghana’s geology conference could shape Africa’s next mining boom
9 minutes -
East La Burma Valley Residents Association hands over relief items to Tse-Addo flood victims
11 minutes -
Chelsea open talks to sign Brighton striker Welbeck
21 minutes -
US core capital goods orders rise, shipments post largest gain in 4-1/2 years amid AI investment boom
23 minutes -
NACOC commends JoyNews documentary on drug abuse fight, calls for more media support
25 minutes -
Deadly Doses II: Students becoming drug dealers is worrying — NACOC Deputy DG
34 minutes -
IMCC Secretariat says forensic audit found Dennis Aboagye culpable in financial irregularities
44 minutes -
What a clean washroom at Prempeh I International Airport says about Ghana’s development
50 minutes -
Deplorable Ashanti Kpoeta roads are affecting livelihoods and healthcare
52 minutes -
We’re providing consular support to detained Asante Akyem North MP – Ablakwa
56 minutes -
Gold Fields mounts robust defence of its Tarkwa lease renewal bid
1 hour -
Funeral halted as Kantanka family heads to court over Apostle Kwadwo Safo’s Will
1 hour -
Gold Fields defends Tarkwa mine record amid lease renewal debate
1 hour -
Taxation key to financing Ghana’s public investment agenda – GIZ
2 hours -
Devastating European wildfires in maps – and how they’re being tackled
2 hours