Singapore-based agribusiness group Olam has pledged to invest US$200 million in Ghana to develop agro-industrial projects. The announcement was made following President John Mahama’s state visit to Singapore in late August this year.
Part of Olam’s investment plan includes building a pasta production plant with a capacity of 43,000 tons per year, scheduled to commence operations in 2026. The group also intends to establish feed units for poultry and aquaculture, two sectors considered strategic for Ghana’s food security.
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).
Ghana is the 2nd largest consumer of poultry meat in West Africa after Nigeria.
Olam aims to capture market share in Ghana’s fast-growing agroindustry while aligning with the government’s import substitution strategy.
