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...
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...
Despite the fact that close to 70% of Ghana’s land area is used for farming, the country remains a net importer of agricultural products, including basic commodities, such as rice and wheat. In 2015 the US Foreign Agriculture Service (FAS) estimated that only around half of all cereal and meat consumed is produced locally. Owusu Afriyie Akoto, the minister of food and...
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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