The Fisheries Commission, in a groundbreaking initiative, has joined forces with the Greater Kumasi Fish Farmers Cooperative Union (GKFFCU) to establish a market space at the Kumasi Racecourse. This move aims to level the playing field for fish farmers by ensuring they receive fair prices for their fish farm produce.
Director of the Ashanti Regional Fisheries Commission, Gideon Boakye expressed concern over the challenges fish farmers face, such as low and unfair prices, which hinder their profitability and discourage investment in aquaculture. “Fish farming is inherently rewarding, yet fish market traders often purchase from farmers at rock-bottom prices,” he notes, leading to financial struggles and a decline in the number of fish farmers in the region.
Despite these hurdles, production has shown signs of recovery. In 2024, the region produced 1,355 metric tons of farmed fish, slightly higher than the 1,315 tons from 2023. However, the high cost of feed remains a significant barrier to increased productivity.
The establishment of this regulated market promises to attract more investors and consumers, boosting productivity and encouraging further investment in fish farming. The commission assures that only quality and healthily farmed fish will be sold, ensuring the market meets stringent standards.
The GKFFCU’s formation seeks to unite fish farmers under a cohesive regulatory body, fostering order and support. Mr. Boakye called on stakeholders to back this initiative, envisioning a network of mini-farmed fish markets across the region to further sustain the industry’s growth.
Reporting by Stephen Freeman, Accra.
