Investment Opportunities

Production

Investment opportunities exist for producers and processing companies in the following areas:

  • Companies to process maize, yams, cassava, oil palm, citrus, mango, cashew, coconut, cowpea and traditional vegetables e.g. tomatoes, pepper
  • Production of value-added cocoa and coffee products
  • Production of improved seeds and agro-chemicals (fertilizers, pesticides, weedicides)
  • Processing of dairy products
  • Production of inputs such as fertilizers, pesticides, and fungicides 

Raw Materials

  • Processors and manufacturers to supply packaging materials
  • Producers to supply planting materials
  • Production of horticultural products for processing (e.g. maize, yams, cassava, oil palm, citrus, mango, cashew, coconut, cowpea and traditional vegetables e.g. tomatoes, pepper etc.) for national, regional and European Union (E.U) markets
  • Development of private irrigation facilities 

Technological and Supporting Services

  • Processing machine manufacturers to supply cold chain equipment
  • Companies to provide installation of cold chain equipment
  • Companies to train manufacturers in packaging and packaging technology
  • Companies to train producers in the use of food processing technology
  • Machine manufacturers to establish hatcheries for day-old chicks
  • Processing machine manufacturers to supply processing plants
  • Suppliers and financiers of factory building technology.

Marketing and Distribution

  • Companies to provide post-production services (transport, packaging, cold vans)
  • Companies to provide distribution of improved seeds, planting materials and agro-chemicals (fertilizers, pesticides, weedicides)
  • Companies to market processed foods in international markets

The Market

Agro-food Processing

Ghana has a wide range of agro-products that are currently exported in their raw state. Opportunities therefore exist in the agro-food processing sector for manufacturing industries to add value to local agricultural products e.g. cocoa, cashew, tropical fruits and vegetables. With the emphasis shifting from raw exports to processed exports, the investment opportunities are endless.

Guinness Ghana Limited and Accra Brewery Limited have introduced cassava beer into the Ghanaian market which is currently doing very well. . The introduction of the beer has provided ready market to cassava farmers. This is partly responsible for the general increase in the area put under cassava production. So far, a total of 4,741mt have been purchased, with Guinness Ghana Limited buying over 74 per cent and Accra Breweries Limited buying the rest.

Brazil Agro Business Ltd, PVL, GADCO, Aveyime, Afife/ Weta, ICOUR, are also large scale rice commercial farms operating under irrigation. Their milled and branded packaged rice are sold everywhere on the Ghanaian market. These farms are contributing immensely to the increased rice production and consumption in Ghana. 

Seafood Processing

The seafood processing sub-sector is emerging as one of the attractive sectors for investment. The free zone can currently boast of one of the major fish processing firms in West Africa, processing about 170 tons of seafood (tuna) a day. There is, in fact, a large volume of tuna, available all year round in the coastal water of Ghana. The processing of tuna and many other marine species therefore presents a great opportunity to any investor interested in seafood processing. 

Table 1: Ghana’s exports of some prepared or processed foods– 2014

Product

Weight (Kgs)

Value (US $)

Cocoa Paste

170,096,360

568,820,471

Cocoa Powder

27,543,179

64,040,806

Cocoa Shells, Husks

21,199,234

12,208,875

Cocoa Confectionery

1,415,423

4,763,639

Chocolate

50,977

128,924

Cocoa Butter

2,860

34,463

 

 

 

Dairy Products

 

 

Milk&Cream

2,431,354

13,873,683

Butter,Cheese Etc

370,045

195,144

Yogurt:

30

12

 

 

 

Prepared Foods

 

 

Canned Tuna

24,090,904

151,812,675

Cut Fruits

6,373,739

50,188,806

Baby Food

4,348,967

24,147,316

Coffee Prepared

3,235,277

13,172,758

Groundnuts Prepared

4,605,318

11,243,457

Sweet Biscuits

4,149,145

10,003,071

Pasta

3,814,024

4,746,943

Tomato Paste

1,963,545

1,329,466

Canned Sardine

370,178

423,955

Canned Meat

684,616

412,434

 

Investing in Ghana's Food Processing Sector

SECTOR OVERVIEW

The food processing industry plays a major role in Ghana’s economy. Major food crops in Ghana generally consist of cereals and starchy foods. Cereals include maize, rice, millet, guinea corn and sorghum, while starchy crops include cassava, yam, cocoyam (taro) and plantain. 

Currently, food processing in Ghana is done by medium scale enterprises. Over the years, the Government of Ghana has implemented policies that add value to Ghana’s raw agricultural products (e.g. cocoa, cotton, oil palm, etc.). In recent times, intensive efforts have been made by government to process some of these products; for example, volume of cocoa beans processed locally has doubled in the last decade.