Ghana secures US$270 million investment to transform poultry industry

The 24-Hour Economy and Accelerated Export Development Secretariat (24H+) and four investment partners have signed Heads of Terms for a US$270 million National Poultry Transformation Programme.

The investment, described as the largest UK agrifood investment in Ghana’s history, is expected to create 12,000 direct jobs, increase domestic poultry production and reduce the country’s reliance on imported chicken.

The investment partners are Agrium Capital, a UK-based agrifood investment company and subsidiary of Asset Green Ltd, Petra Trust, Axis Pension Trust and Ghana EXIM Bank.

The agreement was signed in Accra at the Tony Blair Institute for Global Change and brings together international private capital, Ghanaian institutional capital and development finance to establish an integrated poultry production platform.

The programme will cover the poultry value chain, including feed production, breeding, hatchery operations, broiler production, processing, cold chain, logistics and market access.

Poultry production target

The first phase of the programme is expected to produce 20,000 tonnes of dressed and processed broiler products annually, with output projected to increase to 50,000 tonnes.

Ghana currently spends approximately US$400 million annually on imported chicken and poultry products.

The investment is therefore expected to help retain more of that expenditure within the domestic economy while creating jobs and supporting businesses across the poultry value chain.

Speaking at the signing, Presidential Adviser on the 24-Hour Economy and Accelerated Export Development, Augustus Goosie Tanoh, said the investment reflects the government’s strategy of mobilising private capital into productive sectors.

“This is a purposeful blend of foreign private capital and Ghanaian private capital, aligned to build this industry at scale,” Tanoh said.

The Economic Counsellor and Head of the Growth Team at the British High Commission, Simone Mousey, welcomed the investment, saying it presented an opportunity to deepen UK-Ghana commercial relations, particularly in agriculture and agrifood.

Agrium Capital Chief Executive Officer, Rod Bassett, said the investment reflected confidence in Ghana’s poultry sector and its potential to contribute to food security, local production and value creation.

The Country Director for Ghana at the Tony Blair Institute for Global Change, Sam Mensah-Baah, said the investment represented the type of partnership needed to translate Ghana’s economic ambitions into jobs, productive capacity and sustainable growth.

He said the Institute was proud of its role in bringing together international investors, domestic institutional capital and government to mobilise the US$270 million investment.

Meanwhile, Managing Director of Petra Trust, Kofi D. Fynn, said the participation of Petra Trust and Axis Pension Trust demonstrated the readiness of Ghana’s pension sector to deploy long-term capital into productive investments.

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

The investment comes ahead of the UK-Ghana Investment Summit scheduled for September 24, 2026, which is expected to provide further opportunities for businesses and investors from both countries.

The signed Heads of Terms will now be developed into a Shareholders’ Agreement for execution by the parties in the coming weeks.