Nu Agri Asia to invest US$250M in Ghana’s sugar, agro-processing sector
The investment includes a sugar mill, coconut processing plant, and fruit facilities, boosting Ghana’s agro-industrial capacity.
GHANA – Nu Agri Asia Corporation of the Philippines has announced a US$250 million investment in Ghana’s agriculture sector to accelerate sugar production and agro-industrial development.
According to a press release issued by lead investor and president of Jose Global Consulting Limited, Dr. Matins Abhulimhen, the investment will be directed toward multiple large-scale projects.
Of the total amount, US$129 million will be allocated to the construction of a sugar mill capable of processing 10,000 tonnes of crushed sugarcane per day.
The remainder will finance the establishment of coconut and multi-fruit processing units with a combined daily capacity of one million coconuts and large-scale fruit processing.
The joint venture brings together Nu Agri Asia Corporation, the Government of Ghana, and local partner Ghanol Ltd. Abhulimhen described the investment as a transformative step for the country’s agricultural sector, emphasizing that it would modernize sugar production while diversifying processing into coconut and fruit-based products for both domestic and export markets.
He explained that the facilities will be developed on a 40-hectare site, alongside a 10-hectare solar farm to provide sustainable power. Additionally, bagasse, a by-product of sugarcane crushing, will be combusted under controlled conditions to supply energy for the mill’s boilers.
Raw materials will be secured through an out-grower scheme, where farmers will be organized into cooperatives and granted shareholding arrangements in the venture to encourage inclusivity and participation.
Ghana’s Minister of Agriculture, Hon. Eric Opoku, welcomed the investment, praising Jose Global Consulting Limited and Nu Agri Asia Corporation for strengthening the country’s agro-industrial base.
He noted that the new facilities would not only reduce Ghana’s reliance on sugar imports but also enable the country to explore export opportunities in global and regional markets.
The development comes amid broader efforts to strengthen Ghana’s domestic sugar industry, which has recently begun attracting international players.
Earlier this year, Nigeria’s Dangote Sugar secured government approval to establish a sugar mill in Kwame-Danso, Sene West District, with a planned crushing capacity of 12,000 tonnes per day.
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