12,000 Jobs Expected As Ghana Advances $270 Million Poultry Industry Plan

Ghana has advanced plans to transform its poultry industry after signing a new agreement linked to a $270 million investment intended to increase local chicken production, create jobs and reduce the country’s dependence on imports.

The agreement was signed in London by UK-based agrifood investment firm Agrium Capital and Ghana’s 24-Hour Economy and Accelerated Export Development Programme (24H+). It follows the signing of Heads of Terms by the two parties on August 22, 2026.

Petra Trust, Axis Pension Trust and Ghana EXIM Bank were among the partners that witnessed the signing. The latest agreement, described as an addendum, is expected to move the project into further technical and investment preparation.

The initiative is designed to strengthen domestic poultry production, improve food security and create an estimated 12,000 direct jobs. It also aims to reduce Ghana’s annual import bill of about $400 million for chicken and other poultry products.

Under the first phase, the project is expected to produce 20,000 tonnes of dressed and processed broiler products annually. That capacity could later rise to 50,000 tonnes as the initiative expands.

Speaking to the Daily Graphic after the signing ceremony, Presidential Adviser on the 24H+ Programme Augustus Goosie Tanoh said the agreement reflected the government programme’s strategy of attracting both domestic and international private investment into productive sectors.

He explained that the addendum consolidated the partnership and marked progress from initial investor engagement towards preparing a commercially viable project.

Tanoh described the poultry initiative as an example of combining foreign private capital with Ghanaian institutional investment to develop industry on a significant scale.

The proposed integrated platform is expected to cover multiple stages of the poultry value chain, including feed production, breeding, hatchery operations, broiler farming, processing, cold storage, logistics and market access.

The United Kingdom has welcomed the investment as a boost to trade and economic cooperation between the two countries.

The Tony Blair Institute for Global Change, which hosted the August signing in Accra, has also been identified as a key partner in bringing investors, domestic financial institutions and government representatives together.

Petra Trust Managing Director Kofi D. Fynn said the participation of Petra Trust and Axis Pension Trust reflected the pension sector’s willingness to invest long-term capital in productive activities.

“We are ready to put our capital to work in support of the goals and objectives of this country,” Fynn said.

The project’s eventual impact will depend on implementation, but its stated targets include expanded local poultry output, thousands of direct jobs and a lower reliance on imported chicken.

Source: https://x.com/graphicgh/status/2113570858551669000?s=46

Bestnews feedback-opera-news-app@opera.com