Successful Danish fish farm in Ghana
With the establishment of a fish farm on Lake Volta in Ghana, Royal Danish Seafood Group A/S has increased local employment and ensured stable delivery of fish to the local market, which is now flourishing again. The investment has been so successful that the fish farm is now expanding.
Lake Volta in Ghana is one of the largest man-made lakes in the world. The lake was dammed in the mid 1960s, and for several years it was the base of a large fishing industry. But due to overfishing it lost its importance, and today Ghana imports around 800,000 ton of fish per year.
The Danish company Royal Danish Seafood group has now reintroduced fishing on Lake Volta in cooperation with a local partner. At the fish farm West African Fish they breed and produce the locally appreciated edible fish, Tilapia. Production takes place in an aquaculture installation and in 32 large cages placed in Lake Volta.
- It is a big task to establish such a project in Africa. We started from scratch and have established both the fish farm and the entire infrastructure including roads, housing and electricity, says Mogens Mathiasen, managing director of Royal Danish Seafood.
Significant local effect
The farmed fish are primarily sold in the local market, which is flourishing as a result of the fish farm. A large part of the production is purchased by distributors who sell it to the rest of the country. This means that the farm has not only created 35 direct jobs but also contributed to boosting the local economy and reduced the need to import fish.
In 2010, the fish farm produced approximately 850 ton of Tilapia. This does not meet the demand, however, and therefore the farm has applied for approval to increase the production. The company expects to produce approximately 2,000 ton in 2011.
- Business has been much better than expected, and the demand is so big that we are ready to increase production further, says Mogens Mathiasen.
IFU initially participated with a guarantee in connection with the establishment and has made a commitment to provide a loan in connection with the expansion.
Focus on the environment
Royal Danish Seafood has many years of experience from among other things production of eel in Denmark, where emphasis is on minimizing pollution. This is done by use of aquaculture installations based on separate recirculating facilities with a daily change of water of less than two percent. In principle, a similar technology is used at the fish farm in Ghana.
The production taking place in the 32 nets placed directly in Lake Volta also reduces the environmental impact compared to the traditional method of land-based facilities. In addition, the company uses high-tech fodder which also minimises pollution.
|Country and region|
|IFU’s share participation||DKK 0.0m|
|IFU’s loan||DKK 0.0m|
|Expected total investment||DKK 0.0m|