Dubai saw steady GDP growth of 2.8% in 2017 and this is expected to reach 3.2% in 2018, with an increased drive towards consolidating its position as a knowledge-based economy. The emirate is among the most diversified in the region, thanks to factors such as a highly attractive business environment that has brought in large amounts of foreign investment.
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...
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...
To what extent is there room for increased self-sufficiency and reduced reliance on imports?
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...
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...
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