As the foundation of Ghana’s economy, agriculture employs more than half of the population and is a key focus for the country’s inclusive economic development agenda. Yet as the industrial and services sectors have strengthened in recent years, agriculture’s contribution to overall GDP has steadily declined, falling from 32% in 2009 to 22% in 2013. The government’s...
Ghana Agriculture
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Articles & Analysis | A state-backed modernisation drive has the potential to reinvigorate a key sector from The Report: Ghana 2014
Articles & Analysis | Much-needed improvements in recordkeeping are on the way from The Report: Ghana 2014
While there is plenty of fertile land available for agriculture in Ghana – an estimated 6.1m ha of its 13.6m ha of agricultural land is not cultivated at present – land acquisition remains a challenging process.
Cocoa production in Ghana is expected to receive a fillip in the current crop season with a substantial price hike for farmers and a new funding deal likely to encourage growth at a time when the global climate for cocoa remains uncertain and Ghana's output has dropped.
Chapter | Agriculture from The Report: Ghana 2014
As the foundation of Ghana’s economy, agriculture employs more than half of the population and is a key focus for the country’s inclusive economic development agenda. Ghana has 13.6m ha of agricultural land, and cocoa and maize account for the largest areas planted, with 1.6m ha and 1m ha, respectively. Yet as the industrial and services sectors have strengthened in recent years, agriculture’s...
Ghana has developed a reputation as a robust and stable democracy, and with a storied legacy of pan-African initiatives it has long punched above its weight diplomatically. While the recent oil boom following the discovery of the offshore Jubilee field in 2007 has helped to fuel GDP growth as much as 14% over recent years, it is now projected to slow to a more modest 4.5% in 2014.
As one of Ghana’s main sources of export revenue and employment, cocoa is of critical importance to the economy. Production is expected to be relatively stable for the 2013/14 season, while rising prices worldwide should lead to revenue growth.