Tilapia price must be low – Retailer

tilapiaMr. Godfred Medicine, Chairman of the US Group of Companies has acknowledged that the production of Tilapia, a well known source of fish protein in the country, needs to be scaled up.

Speaking at the inauguration of a US Tilapia Retail outlet in Tema, Mr Medicine said, “We are only meeting 42 percent of the demand for tilapia in the country,”

He said the US Group of Companies had observed the growing demand for tilapia in the country over the years, and noted that, as a common source of protein, tilapia had to be affordable to the average person.

“I believe that tilapia should sell far below the price that it’s being offered on the Ghanaian market.”

He said the new Tilapia Retail Outlet would ensure that retailers bought the product at reduced prices to make it cheaper on the market.

Mr. Medicine urged young people to be innovative, saying that, there were several opportunities that entrepreneurs could take advantage of to create jobs.

He said the new retail outlet, was expected to create jobs for about 50 young people.

Source: GNA

1 Comment
  1. Savishesh says

    Very interesting article on Tilapia.
    Can you give me some insight on local market for Tilapia – Why is supply low or why is price of Tilapia very high?



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