Crystal Lake Fisheries—II

Bitten by the entrepreneurial bug, Patricia, a Ghanaian, who was educated and employed in the UK and had invested her savings in the company that she worked for, decides to go back to her country. The preliminary analysis done by the consultants she hired confirmed that her interest in producing tilapia in Ghana would be viable. They recommended that she should not borrow but Patricia decided not to put all her money into it. Patricia spent the last month negotiating the buyout of her share in her company and negotiating with agricultural development bank for a loan to fund working capital. The bank assessed her project to be risky because it was a pioneering commercial venture without skilled personnel to support the sector in the country. A commercial bank offered funding at an annual interest of 25% payable on the amount withdrawn, which requires her to exercise tight control on spending. Her foreign consultants agreed to send a team to implement the project but she wanted an implementation plan that she could monitor. The case has the information to prepare an implementation plan for Patricia.