By: Ecofin Agency

Indian group Ramky is exploring investments of at least $2 billion in Ghana over the next five years, with proposed projects spanning waste management, power generation and industrial development.

The plans were discussed on August 18, 2026, during engagements involving the Ghana Investment Promotion Authority (GIPA), Ramky representatives and officials from Ghana’s 24-Hour Economy and Accelerated Export Development Secretariat.

Among the projects under consideration is a 24 MW waste-to-power plant, alongside a national medical-waste treatment facility and a plant for handling hazardous industrial waste. The discussions remain at the proposal stage, with locations, financing structures and detailed implementation schedules yet to be announced.

Ramky is also considering the phased development of a 2,000-acre industrial park. The proposed park would accommodate manufacturing activities in sectors including pharmaceuticals, food processing, chemicals, textiles, petrochemicals and medical devices.

The waste-management component gives the proposal a broader industrial-infrastructure dimension. Expanding manufacturing capacity also increases the need for systems capable of handling medical, industrial and hazardous waste. If implemented, the proposed facilities would therefore support industrial activity not only through new manufacturing capacity but also through infrastructure for managing some of its waste streams.

The 24 MW waste-to-power project would add an energy component by converting waste into electricity while addressing disposal challenges. Ghana has previously pursued waste-to-energy initiatives on a smaller scale. One example is the hybrid waste-to-energy facility at Gyankobaa in the Ashanti Region, commissioned in 2022, which combines solar, biogas and pyrolysis technologies with a total generation capacity of about 400 kW. The facility was originally described as capable of converting about 12 tonnes of waste per day into energy and biofertiliser.

More recent initiatives suggest that interest in larger waste-to-energy projects is growing. In May 2026, the Ghanaian government signed a memorandum of understanding with Canada-based Portage Energy Group for waste-to-energy and waste-to-value projects, with proposed facilities capable of generating up to 25 MW each.

Ramky’s proposals also fit within Ghana’s broader push to expand domestic production and exports under the 24-Hour Economy programme. The government has positioned industrial parks as part of that strategy, with the aim of supporting continuous production, export growth, investment and job creation.

If the Ramky projects advance beyond the current proposal stage, they would combine industrial expansion with investment in waste-treatment and power infrastructure at a scale larger than many of Ghana’s existing waste-to-energy initiatives.