The US$40 million investment strengthens Olam Agri’s wheat milling and pasta manufacturing capabilities in West Africa and represents a major milestone in Ghana’s drive to deepen domestic production, enhance food security, and accelerate industrial growth.
Olam Agri’s performance, despite being reported as discontinuing operations ahead of its planned full divestment, remained robust with revenue increasing 12.7%.
The programme is set to train approximately 400 bakers within its first year, with plans for sustained annual growth.
The Group says the closure supports efforts to reduce debt and make the business self-sustaining.
ofi recorded double-digit EBIT growth of 12.7% year-on-year (YoY) to US$416.3 million.