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...
After grappling with a range of macroeconomic headwinds in the past several years, Ghana is beginning to recover, experiencing an increase in commodity revenues, currency stabilisation and an improving fiscal situation. However, lingering effects continue to complicate the outlook for industrial producers.
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...
The participation of independent power producers (IPPs) in Ghana has continued to grow since the thermal Takoradi Power Station was first built in Aboadze in 2004. Indeed, IPPs are quickly catching up to public generation in terms of capacity. As of October 2017, the power capacity that is provided by IPPs and non-state-run power plants in...
Since product output began in August 2016, the offshore Tweneboa, Enyenra and Ntomme (TEN) field had already produced some 800,000 barrels of oil by late 2017. Extraction efforts are expected to bring about substantial growth in the oil and gas sector in the coming years. “With the positive results for Ghana from the International Tribunal for...
With local output fuelling new thermal power generation projects, natural gas production and distribution is crucial to efforts to reduce power shortages. As projected in the 2015 Gas Master Plan and the 2016 energy outlook published by the Energy Commission, power provision is expected to constitute over 80% of total gas demand from 2015 to...
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