From The Report: Ghana 2022
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With an estimated 44.7% of the workforce employed in the agriculture sector, farming, forestry and fisheries are not only central activities to Ghana’s economy but are key components of society. However, the strengthening of the sector was brought into stark relief by the Covid-19 pandemic, during which local food prices increased in some parts of the country. While the country is a key producer of cocoa, the development of value-added activities related to processing agricultural commodities remains nascent. Other challenges include climate change, deforestation, lack of mechanisation and the difficulty smallholder farmers to reach economies of scale. Overall, performance in the next few years strongly depends on the ability to create new methods for financing within the sector.