Share via Email


* Email To: (Separate multiple addresses with a semicolon)
* Your Name:
* Email From: (Your IP Address is 44.192.247.185)
* Email Subject: (personalize your subject)


Email Content:
Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

Ghana Restricts Poultry Imports

11/27/2022

In USDA-FAS GAIN report GH2022-0019, dated November 23rd, announced that the Bank of Ghana will restrict foreign exchange required to import products considered “nonessential”.  On October 31st, the president of Ghana announced a six-month restriction on imported items in an attempt to stabilize the Cedi (national currency), that has lost half its value this year.  Currently, inflation is running at over 37 percent in Ghana.

 

Imports subjected to currency restriction include rice, poultry, vegetable oils, bottled water and a number of consumer items.

 

Over the first nine months of 2022, Ghana imported 39,974 metric tons of broiler products, presumably leg quarters, valued at $50.1 million.  These values were respectively 33 percent and 31 percent lower than the first nine months of 2021.  According to the FAS, the U.S. held 20 percent of the market share of poultry imports.

 

It is probable that either Togo or Benin may emerge as “importers” with illegal trans-shipment to Ghana to satisfy demand.

 


 
Copyright © 2024 Simon M. Shane