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March 6, 2026
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Mahama commissions OLAM Agri pasta processing plant in Kpone
Money
Policy
Opportunity
Growth
Key Points
- President John Dramani Mahama commissioned Olam Agri's new pasta processing facility in Kpone, near Tema.
- The plant aims to boost local food production, create jobs, reduce pasta imports, and enhance food security by utilizing locally milled wheat flour.
- Mahama lauded Olam Agri's 30+ years of investment in Ghana, noting its diverse operations and employment of over 4,500 Ghanaians.
- The facility will operate under a shift system, aligning with the government's 24-hour economy policy.
- Companies participating in the 24-hour economy initiative will benefit from incentives such as duty-free imports for industrial equipment.
Why This Matters
This development is significant for Ghana as it directly tackles the country's long-standing over-reliance on imported processed foods, fostering local production and self-sufficiency. It also aligns with the government's industrialization and job creation agenda, strengthening the agro-processing sector and promoting economic resilience through private sector investment and strategic policy incentives.
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