India’s Ramky Group plans to invest up to $2 billion in Ghana over the next five years, as the country seeks to attract more manufacturing and value-added industries.

The proposed investment includes the development of a large industrial park of about 2,000 acres, equivalent to roughly 800 hectares, with activities spanning pharmaceuticals, agro-processing, energy, waste management, housing and agriculture.

The project would form part of Ramky’s broader expansion in Ghana and could create new industrial capacity across several sectors. The group’s plans are also aligned with Ghana’s push to reduce dependence on imported finished goods and increase domestic production and exports.

The investment comes as Ghana accelerates its industrialisation agenda under President John Dramani Mahama’s 24-Hour Economy and Accelerated Export Development Programme. The government is promoting industrial parks as hubs for continuous production, technology transfer, local supply chains and exports. 

Ghana has recently launched the 120-hectare Tema Integrated Industrial Park, designed to support manufacturing, aluminium processing, warehousing, logistics and export-oriented production. The government says the project is intended to strengthen Ghana’s position as a manufacturing and logistics hub in West Africa. 

The proposed Ramky investment would add to a growing pipeline of industrial projects in the country, particularly in sectors where Ghana remains dependent on imports. Government officials have identified pharmaceuticals, textiles, automotive components and agribusiness as priority areas for local manufacturing.

However, the $2 billion figure should be understood as a planned or potential investment rather than capital already deployed. The project remains subject to the development and implementation of the proposed investments.

If realised, the programme would mark a significant expansion of Ramky’s presence in Ghana while supporting the country’s efforts to move from exporting raw materials towards higher-value production and regional exports.