Vermicomposting is a process using earthworms to break down organic materials into a nutrient-rich fertilizer. There are five essential conditions for vermicomposting - a living environment for the worms (bedding), a food source, proper moisture, aeration, and temperature control. The document provides details on each condition and recommends various methods for setting up vermicomposting in Ghana, such as using a pit or cement bin and specific local worm species, materials, and food sources.