By Sarah Baafi
Flosell Limited has begun high-level engagements with the Ministry of Fisheries and Aquaculture Development on a proposed large-scale mariculture investment that could significantly transform Ghana’s fisheries and aquaculture sector.
The discussions, led by Flosell’s Co-Founder, Mr. Evans Kwadzo Danso, were held with the Minister for Fisheries and Aquaculture, Emelia Arthur, and focused on unlocking new investment opportunities within the fisheries value chain, particularly in marine-based aquaculture.
At the center of the talks is Flosell’s proposal to establish Ghana’s first commercial mariculture operation through its marine aquaculture subsidiary, Gold Coast Mariculture Limited. The project aims to farm fish in offshore marine environments using advanced technology and international best practices to boost domestic fish production.
Mr. Danso highlighted Ghana’s growing fish supply challenge, noting that the country faces an annual deficit of approximately 700,000 metric tonnes of fresh fish. He explained that mariculture offers a sustainable solution to closing this gap, reducing dependence on imports, and ensuring a stable supply of fish for local and regional markets.
“This project is designed to be transformational,” Mr. Danso said. “Beyond addressing the fish deficit, it will create up to 3,000 direct and indirect jobs, stimulate coastal economies, and position Ghana as a leading mariculture hub in the West African sub-region.”
He further disclosed that the proposed investment expected to be the first of its kind in West Africa will be fully financed by Flosell Limited and its Norwegian partners. According to him, the government will not bear any financial burden beyond granting the necessary concessions and regulatory approvals.
Welcoming the proposal, Hon. Emelia Arthur described the initiative as a major boost to Ghana’s aquaculture and blue economy agenda. She underscored the country’s strong export potential and emphasized the need for all research outputs associated with the project to be jointly developed, jointly owned, and aligned with Ghana’s national development priorities.
If implemented, the mariculture project could mark a turning point in Ghana’s fisheries transformation, strengthening food security, creating sustainable employment, and expanding Ghana’s presence in regional and international seafood markets.
