EXIM Bank to lead poultry sector financing under four-year programme from 2027 – Ato Forson
The Ghana Export-Import Bank (EXIM Bank) will become the sole financial institution responsible for financing Ghana's poultry sector under a four-year programme beginning in 2027.
The initiative forms part of the government's efforts to boost local poultry production, expand poultry feed manufacturing and reduce the country's dependence on imported poultry products, Finance Minister Dr Cassiel Ato Forson said.
He said the bank will lead funding for poultry production and poultry feed manufacturing, with at least 40 per cent of the revenue it generates dedicated to the sector.
"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."
Dr Ato Forson said the government will uncap the levies allocated to EXIM Bank to strengthen its financial capacity to support the programme.
"Mr Speaker, we also announce the uncapping of the Exim Bank levies. Government will also uncapped 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," he added.
The programme, which begins in 2027, is expected to run for four years as part of the government's broader strategy to strengthen domestic production and support the agricultural sector.
Dr Ato Forson announced the measures while presenting the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12.
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