Recent education on the nutritional value of eggs in diets and changing consumer taste has increased domestic demand for eggs and poultry products. Neighboring countries, especially those in the Sahel region, are also demanding more table eggs and poultry products. GoG seeks to facilitate sourcing of 40% of current poultry meat imports from local poultry farmers, encouraging investment in infrastructure such as hatchery and broiler processing facilities and cold chain facilities. Growth in the poultry industry will pull along development of the maize and soy value chains (VCs), which employ many smallholder farmers in Ghana. Increased production of these crops, as a result of focused support from donor communities and projects, will drive down poultry production costs, and therefore make Ghanaian poultry farmers more competitive for filling local demand, substituting imports, and exporting to neighboring countries.
Based in Techiman, Brong Ahafo Region, Emmanuel Owusu Complex Farms, Ltd. has been operating profitably since 2001 through production and sale of high-quality eggs and spent layers. The company is seeking long-term financing to expand its facilities, capitalizing on the continuous demand for its products in export markets and domestically. As a large regional producer and exporter of eggs, Emmanuel’s sales break down into two categories: (1) Eggs: 65% of sales are to clients from Burkina Faso and Niger who come directly to the company’s farm to buy eggs (the remainder are sold domestically), and (2) Spent Layers: 50% are sold to distributors from Côte d’Ivoire while the other 50% are sold within Ghana. The company raises layers only and imports high-quality day-old chicks from the Netherlands, which though more expensive on a per-unit basis, produce higher quality eggs and are less susceptible to disease. Emmanuel has the capacity to house up to 45,000 birds on its four-acre farm and is seeking funds to expand further.
Emmanuel is seeking investment of $1.2 million, including $750,000 to complete a new 1,000 MT warehouse, import a new crop of 45,000 day-old chicks to expand stock, and develop an additional 200 acres of farmland to house more poultry. The firm is open to any long-term loan, mezzanine finance, equity solution, or combination thereof.
Emmanuel may require a BAS provider to help obtain financing for the project.
Key considerations will be disposal of droppings and management of the expansion project. Expansion will not cause deforestation as Emmanuel develops new farmlands for poultry. During construction and processing, the company will ensure materials are not temporarily stored in wetlands or waterways, and is disposed of in an approved, secure location.
A number of business initiatives are being pursued by the Government of Ghana and its development partners in the Brong Ahafo Region and beyond that are expected to create a business environment conducive to the investment under review, including:
- GoG Broiler Revitalization Project
- United States Department of Agriculture (USDA) Ghana Poultry Project
- Ghana Commodity Exchange Project
- USAID sponsored ADVANCE Project, GCAP, SADA and NRGP
Emmanuel Owusu, Managing Director, +233 (0) 208 537 590, firstname.lastname@example.org