Investment into fish farming in Ghana can bring over hundred percent returns in a year.
Farming in Ghana has been considered in the past as a form of punishment since children are giving portion of land to weed when they misbehave at school and at home. However, the trend is changing as result of plan been executed by ministry of food and agriculture through the block farming systems. There are different models in the system which are profitable, but it takes expect to find out the most sustainable programme after analyzing some of the systems. One programme that stands out clearly is fish farming. Ghana has large water bodies in which such farming can be done. Large number of the youth had been trained in fish farming but cannot afford the initial high cost.
There are different methods of fish farming, this include the pond, pen and cage. The cage system is considered the best considering the cost and management of the resources. All the systems required large capital out lay due to purchase of equipment.
The production of tilapia is considered the best as it grows faster compare to other fish varieties and easy to manage.
The market for tilapia is very large as the country is not able to meet her fish demand for the past ten years. The country meets only 42% of her fish requirement hence large importation of fish and fish product. Ghanaians prefer tilapia to any other fish because it is readily available. Tilapia is now a delicacy in Ghana as it is serve at weddings and funerals. Survey of the few local producers indicated that they are unable to meet the local demand let alone the foreign market. Due to high demand of fish in the country the government has set up commission to assist farmers who want to undertake the fish farming business.
Like all businesses the cage system of fish farming requires large capital input. However it is one of investments opportunity that can generate enough income to cover all expenses and have good profit in the very year of investment. The average return on investment is over 100% per annum.
The equipment once purchased last for five years and can produce ten harvests before discarded. It is a good business.