An expanded biscuit production facility has been commissioned in Tema, Ghana. Jointly owned by Singapore-based Olam International (75%) and Sanyo Foods of Japan (25%), it is Ghana’s leading biscuit factory.
Nutrifoods Ghana Ltd invested US$8.3 million in expansion work, upgrading the capacity of the facility with state-of-the-art equipment and technology, and a third production line. It manufactures products for both the domestic and West African market.
The expansion has strengthened Nutrifoods’ position as Ghana’s top biscuit producer, with a market share of 30% currently. It has also created 150 new jobs – raising the workforce to 600 employees, of whom 99% are Ghanaians.
Ghana’s Minister for Trade and Industry Mr Alan K Kyeremanten and Singapore’s Minister of State for Trade and Industry Dr Koh Poh Koon attended the inauguration ceremony held at the factory on March 31.
Dr Koh expressed the hope that more Singapore companies can participate actively in Ghana’s growth. He noted that these companies are not just investing in the physical infrastructure but also in building human resource capabilities, with companies such as Olam sponsoring educational programmes.