5. Irani Family $800 million
Irani Brothers is the market leader in wheat flour production in Ghana with about 55% of the total market and employs over 400 people.
Irani Brothers currently produces two main products: bread flour and pastry flour. The extension to pastry flour was in response to the growth in domestic demand for the product that came with an expansion in the number and capacity of Ghana’s biscuit factories and the entry of a large number of domestic pastry producers.
The company currently imports about 180,000 metric tones of wheat annually for milling into bread and pastry flour and it accounts for about 60% of wheat flour sales in Ghana.
The core strength of Irani Brothers lies in its ability to source full shiploads of wheat and to secure the necessary funding arrangements; this gives it a competitive advantage over all the other flour mills in Ghana, no other flour mill in Ghana has the capacity to continuously source wheat in large quantities.
Irani Brothers has the largest flour milling capacity in Ghana and accounts for 60% of total wheat flour sales.