Gov’t tasks EXIM Bank to drive self-sufficiency in poultry production

Finance Minister Dr Cassiel Ato Forson says the government has directed the Ghana Export-Import Bank (EXIM Bank) to work with industries to make the country self-sufficient in poultry and poultry feed production.

He said the initiative forms part of efforts to strengthen local poultry farming, support domestic businesses and create employment opportunities across the poultry value chain.

Presenting the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12, Dr Ato Forson said the government intends to channel funding into local poultry farms and businesses involved in the production of poultry feed.

“The government has directed the bank to work with industries to make Ghana self-sufficient in poultry and feed production. Mr Speaker, we will put this funding to work on Ghanaian poultry farms, grow Ghanaian chickens, support Ghanaian businesses, and create jobs across the poultry value chains,” he said.

Read Also: Government to uncap Exim Bank levies to boost poultry production – Ato Forson

“From 2027 to 2030, and beginning in 2027, the Ghana Exim Bank will dedicate at least 40% of the revenues from the Ghana Export and Import levy to the poultry sector, supporting poultry farmers and feed production to expand production and meet domestic demand,” he added.

The intervention will be supported by increased funding for EXIM Bank, with the government announcing plans to uncap the levies allocated to the bank and require it to dedicate at least 40 per cent of its generated revenue to the poultry sector.

“Mr Speaker, we also announce the uncapping of the Exim Bank levies. The government will also uncap the levies earmarked for the Ghana Export and Import Bank,” he said.

“With this increased funding, Mr Speaker, the Ghana Exim Bank will take responsibility for financing commercial poultry and feed production under the ‘New Economy’ programme over the next four years,” Dr Ato Forson added.

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