Olam Agri, a subsidiary of the Singapore-based agribusiness giant Olam Group, has inaugurated a new pasta manufacturing plant in Ghana, West Africa on 5 March.
With an investment of US$40 million, the plant will have an annual production capacity of 60,000 tonnes and will produce various types of pasta like spaghetti, macaroni and other short pasta shapes, for the domestic market. The facility is expected to use locally milled wheat flour as its main input.
Sunny George Verghese, CEO of Olam Agri said that the plant could reduce the country’s import dependence by 40% if its capacity is fully utilised. Ghana imported an average of 70,910 tonnes of pasta annually between 2021 and 2024.
Olam Agri was already involved in flour milling in the country before opening the pasta plant under the brands of First Choice and Royal Gold.
