Ghana Agriculture Articles & Analysis

Chapter | Agriculture from The Report: Ghana 2018

Employing over half the national labour force, agriculture has long played a pivotal role in Ghana´s economy, and its key agriculture product, cocoa, is one of the top-three export commodities. After years of slower growth, the sector is poised for a revival, particularly given the strong government and private interest in advancing development through technological innovation. As long as...

Since assuming power in January 2017 the administration of President Nana Akufo-Addo has moved to rein in fiscal spending, industrialise rural regions and improve the business environment in order to jump-start economic growth. The government has brought down the fiscal deficit and freed up capital spending for priority projects, and Ghana’s economic prospects appear strong for 2018.

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The Ghana Cocoa Board (COCOBOD) has outlined plans to sell bills and notes to fund a nationwide cocoa-replanting programme, in an effort to boost yields following an outbreak of disease.

 

With only a few remaining years to accomplish the goals of Ghana Vision 2020, the country is pushing forward to integrate science and technology into government initiatives, especially in the agriculture sector. In January 2017 President Nana Akufo-Addo announced the state’s renewed commitment to technology in agriculture, emphasising the need...

 

To what extent is there room for increased self-sufficiency and reduced reliance on imports?

 

Although oil and gas have been the focus of domestic economic headlines over the last decade, agriculture remains a key pillar of the economy. It employs almost half of the national labour force, and a key agricultural product – cocoa – is one of the country’s top-three export commodities (see analysis). Upon assuming office in January 2017...

 

As the world’s second-largest producer of cocoa after neighbouring Côte d’Ivoire, Ghana watches its production levels and its position in the global market closely. The country’s smallholder farmers produce an estimated 20% of the world’s cocoa, and cocoa accounts for 8-12% of Ghana’s GDP and 40% of its foreign exchange earnings, according to...

 

Unlike commodities such as cocoa, produced mainly for export, the UN’s Food and Agriculture Organisation (FAO) estimates that 75% of Ghana’s annual fish production is for domestic use. Indeed, fish consumption accounts for up to 60% of animal protein in the average Ghanaian diet, with average annual per capita fish consumption estimated at 26...