31/08/2025
During his state visit to Singapore, President John Dramani Mahama secured a notable $200 million investment from the Olam Group, a leading global food and agri-business company. The investment, announced by the company’s Co-founder and Group CEO, Mr. Sunny Verghese, will be rolled out over six years.
This major capital injection, as indicated by Olam’s Group CEO, will fund several key projects in Ghana, including: a pasta production plant scheduled to open in 2026. The investment will also support the development of feed processing facilities for poultry and aquaculture.
According to Mr. Verghese, these initiatives will help stabilize the Ghanaian Cedi by reducing the country’s dependence on imports.
President Mahama expressed his government’s full support for the projects, assuring the Olam Group that his administration will work closely with them to provide the necessary incentives and assistance to ensure their successful completion.
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