Partners in a group picture after the signing ceremony
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 aimed at creating 12,000 direct jobs, reducing poultry imports and boosting exports.
The agreement represents the largest UK agrifood investment in Ghana’s history.
The investment partners are Agrium Capital, a UK-based agrifood investment company and subsidiary of Asset Green Limited; Petra Trust; Axis Pension Trust; and Ghana EXIM Bank.
The programme will expand domestic poultry production, reduce the country’s reliance on imported chicken and establish a stronger foundation for regional and international export growth.
Signed at the Tony Blair Institute for Global Change in Accra, the agreement brings together international private capital, Ghanaian institutional capital and development finance to establish an integrated poultry production platform.
The programme will cover the entire poultry value chain, including feed production, breeding, hatchery operations, broiler production, processing, cold chain, logistics and market access.
The first phase is expected to produce 20,000 tonnes of dressed and processed broiler products annually, with production projected to increase to 50,000 tonnes.
The nation spends approximately US$400 million annually on imported chicken and other poultry products. Expanding domestic production is therefore expected to retain more of that expenditure within the economy while creating jobs and stimulating productive activity across the poultry value chain.
Speaking at the signing ceremony, the Presidential Adviser on the 24-Hour Economy and Accelerated Export Development, Augustus Goosie Tanoh, said the investment reflected the 24H+ Programme’s strategy of mobilising domestic and international 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,” Mr. Tanoh said.
The Economic Counsellor and Head of the Growth Team at the British High Commission, Madam Simone Mousey, welcomed the investment, describing it as an opportunity to deepen UK-Ghana commercial relations, particularly in agriculture and agrifood, while strengthening economic ties between the two countries.
The Chief Executive Officer of Agrium Capital Limited., Rod Bassett, said the investment demonstrated 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 Ghana needed to translate economic ambition into jobs, productive capacity and sustainable growth.
He said the Institute was proud of its catalytic role in bringing together international investors, domestic institutional capital and government around the shared ambition of mobilising US$270 million to transform the nation’s poultry industry.
The 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 that supported national development.
“We are ready to put our capital to work in support of the goals and objectives of this country,” Mr. 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 to deepen commercial partnerships.
The signed Heads of Terms will now be developed into a Shareholders’ Agreement for execution by the parties in the coming weeks.
A Business Desk report