India’s Ramky Group is considering investments of at least $2 billion in Ghana over the next five years, with projects spanning pharmaceuticals, industrial manufacturing, waste management, energy, housing and agriculture.
The proposed investment includes the phased development of a 2,000-acre industrial park, with a dedicated pharmaceutical manufacturing zone and facilities for food processing, chemicals, textiles, petrochemicals and medical devices, according to details of discussions between the company and Ghana’s investment authorities.
The group is also exploring waste-management and waste-to-energy projects, including a national-scale medical-waste facility, a hazardous industrial-waste treatment plant and a 24-megawatt waste-to-power facility.
Other areas under consideration include affordable housing and agricultural and agro-processing projects, broadening the proposed investment beyond traditional manufacturing into infrastructure and essential services.
The proposals were discussed during a meeting between Ramky Group Founder and Chairman Shri Alla Ayodhya Rami Reddy and senior officials of the Ghana Investment Promotion Authority, led by Chief Executive Officer Simon Madjie and Deputy Chief Executive A. Razak Baba. Representatives of the 24-Hour Economy & Accelerated Export Development Secretariat also participated.
Madjie welcomed the proposed investment and said GIPA would facilitate the projects and support partnerships aimed at advancing Ghana’s industrial development.
The scale and diversity of the proposed projects could give Ramky a presence across several sectors targeted by Ghana as the government seeks to expand domestic production, create jobs and increase the country’s capacity to process raw materials locally.
The proposed pharmaceutical zone would form part of the wider industrial park and could support the development of local manufacturing capacity for medicines and medical products. The park is also expected to accommodate industries including food processing, chemicals, textiles and petrochemicals.
In waste management, Ramky is considering projects covering medical and hazardous industrial waste, as well as electricity generation from waste. The proposed 24-megawatt plant would add an energy-generation component to the group’s waste-management plans.
The agricultural component would include agro-processing, potentially linking production with industrial facilities planned under the wider investment proposal.
The discussions seek to attract large-scale private investment for Ghana into productive sectors while expanding industrial capacity and supporting its 24-hour economy agenda.
The $2 billion figure represents an investment proposal under consideration and not a completed investment commitment. Further development of the projects would depend on subsequent agreements, approvals and project execution.
