Singapore-based agribusiness group Olam has pledged to invest US$200 million in Ghana to develop agro-industrial projects. The announcement was made on 29th August, by Foreign Affairs Minister Samuel Okudzeto Ablakwa, following President John Mahama’s state visit to Singapore from 26th – 28th August. During his visit, the Ghanaian leader secured nearly US$1 billion in investment deals across several sectors.
Olam’s plan includes building a pasta production plant with a capacity of 43,000 tons per year, scheduled to begin operations in 2026. The group also intends to establish feed units for poultry and aquaculture, two sectors considered strategic for Ghana’s food security. Officials estimate that these projects will generate around 4,000 direct and indirect jobs.
Pasta is one of Ghana’s most consumed wheat-based products, particularly in urban areas. According to Statista, the country’s pasta market is expected to reach US$325.4 million in 2025 and grow by an average of 7.26% annually through 2030. Ghana currently relies on imports, mainly from Turkey, to meet domestic demand. Nearly 70% of the wheat processed locally goes into bread production, according to the US Department of Agriculture (USDA).
The government has also launched the “Poultry Farm to the Table Program” to revive the poultry industry and reduce dependence on imported chicken. Ghana is the second-largest consumer of poultry meat in West Africa after Nigeria, but USDA data shows that 80% of its consumption is supplied by imports from the Netherlands, the US, Poland, Brazil, and Belgium.
With its new projects, Olam aims to capture market share in Ghana’s fast-growing agro-industry while aligning with the government’s import substitution strategy.
