The Ministry of Food and Agriculture has secured a $90 million investment from Denmark for the construction of a shea processing factory in Ghana. According to GHOne News, the project is expected to boost the country’s shea industry and create employment opportunities for locals.
The factory, to be located in the Northern Region, will process shea nuts into high-quality shea butter and other products for export. The Danish government, through the Investment Fund for Developing Countries (IFU), will provide the funding for the project.
“The investment is a testament to Ghana’s potential as a hub for shea production and processing,” said a spokesperson for the Ministry of Food and Agriculture. The project is expected to benefit over 10,000 shea farmers, mostly women, in the region.
The shea industry is a significant contributor to Ghana’s economy, with shea butter being a highly sought-after product globally. The new factory is expected to increase the country’s shea processing capacity and enhance its position in the international market.
The project is part of Ghana’s efforts to diversify its economy and promote value-added processing of its natural resources. The government has been promoting the shea industry as a key sector for economic growth and poverty reduction.
The construction of the factory is expected to begin soon, with production slated to start in 2027.
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Author: Korkor Anumu
