Moody’s has lowered Ghana’s B1 sovereign rating from stable to negative, the agency announced December 5, 2013.
Safeway Estates Limited presented a cheque of 200,000 Ghana Cedis to about 100 people in the Volta Region, who invested in the Safeway Tilapia Cooperative Project in July last year.
Addressing the investors in Ho on Thursday, Mr. Believe Kweku-Mensah, Marketing Manager of the company, said tilapia farming promised to be lucrative investment in Ghana due to the high demand for fish both locally and internationally.
Mr. Kweku-Mensah appealed to people living along the Volta Lake, a natural habitat for tilapia, to take advantage of Safeway’s “cage culture fish farming method” to invest in tilapia farming for the domestic market and for export.
He said investment in the project was segmented in blocks with each block valuing 100 Ghana Cedis with the assurance that adequate internal security measures have been instituted to prevent any theft during production, harvesting and distribution.
Mr. Raymond Buama, Account at the Ho Municipal National Health Insurance Scheme, advised people ‘’to grow their own capital to start a business instead of borrowing money to start it.’’