Ghana’s reset agenda is gaining momentum with Olam Agri, a global leader in food and agriculture, committing to invest $200 million in new projects in the country. The investment follows a visit from President John Dramani Mahama to Singapore.
The projects include a state-of-the-art pasta production facility with a capacity of 43,000 metric tons, set to open next year, and feed processing plants for poultry and aquaculture. According to Baibhav Biswas, Country Head of Olam Agri in Ghana, “With this facility, we will be able to bring high-quality, nutritious, and affordable pasta products closer to our Ghanaian consumers than ever before.”
The pasta production facility, which will be constructed in two phases, aims to meet Ghana’s entire pasta demand, significantly reducing reliance on imports. Currently, Ghana imports around $56.4 million worth of pasta annually. Saurabh Mehra, Global Managing Director for Processing and Value Add at Olam Agri, emphasized that the expansion into Ghana aligns with the growing demand for high-quality food products in the region ¹ ².
The investment is expected to create approximately 4,000 jobs, contributing positively to Ghana’s economic development and food security. Olam Agri has operated in Ghana for over 30 years, investing in infrastructure and human resources development. The company produces wheat flour in Ghana and exports to neighboring countries like Benin, Togo, and Burkina Faso.
The new facility will not only boost Ghana’s food industry but also support the government’s agenda for industrialization and job creation. As Baibhav Biswas noted, “This speaks of our commitment to Ghana and our efforts to contribute positively to the economic development and food security in the country.”