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March 1, 2024
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Boost for poultry industry: Vencomatic in partnership with Agric Ministry secures $200 million loan to establish poultry farms

A Dutch poultry company, Vencomatic Group in partnership with the Ministry of Food and Agriculture and the Ministry of Finance will be establishing poultry farms in the Greater Accra, Ashanti and Northern regions worth $200 million dollars, a move that will help reduce the price of chicken on the market.

Vencomatic Group is a company that offers solutions in housing, egg handling and climate control for any type of poultry house.

The presence of the company will increase the number of hatcheries in the country to minimise importation of day-old chicks.

Speaking to Joy Business, Consultant for Vencomatic Group in Ghana, Samuel Debrah said “the company got a loan to invest in its operations in Ghana. 36 million euros was secured to set up three branches across the country. We’ve earmarked Ejisu in the Ashanti region and the guinea processing project in the north and another set up in Accra.”

Technical lead of USDA’s Ghana Poultry Project, Raymond Denteh believes that the presence of the group will lead to increase market share of the poultry industry and boost the agric economy.

“It’s widely held that Ghana imports about 350,000 metric tonnes of poultry needs. So the idea is that, we’re trying to close that gap because if we ban it we cannot feed the country and it will affect food security. This is the first step to increasing market share of the local poultry industry,” he stated.

The $200-million investment is expected to provide about 3,000 direct jobs in the country. This is a step in implementing government’s ‘Nationwide Chicken and Guinea Fowl Production, Processing and Packaging Projects’.

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