Ghana-based catfish, tilapia aquaculture project seeks funding from China

Tilapia surfacing in the water
Ghana-based Cedar Seal Agro Limited wants to diversify into the tilapia and catfish farming business | Photo courtesy of neenawat khenyothaa/Shutterstock
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Cedar Seal Agro Limited, a Ghanaian company involved in agribusiness, said it wants an investor to bring cash – as well as know-how – to a project designed to meet fast-growing local demand for seafood.

The company said it is looking to China for USD 10 million (EUR 9.6 million) in funding for a catfish and tilapia farm and processing hub.

Joe Odoi, company spokesman for Cedar Seal | Photo courtesy of Cedar Seal/Joe Odoi

 

Company spokesman Joe Odoi told SeafoodSource that the company has secured access to ten kilometers of the Oti River for aquaculture, as well as 20,000 acres of land for farming catfish and tilapia. The company, he said, “has secured a concession in Ghana CARES Economic Enclave Project under the Government’s transformational agenda in accelerating economic development while transforming lives through agriculture.” 

The company said plans to ...


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