Ghana has it all when you consider the resources needed for agriculture and the economics of production. It is also hard to ignore government incentives for large-scale agribusiness and a readily available growing domestic market to sell finished products. This leaves Ghana well placed not just to be self-sufficient in food, but also contribute to the regions and continent’s food supply.
Ghana Overview
Ghana, formerly the Gold Coast, is located in the sub-region of West Africa of the African continent. It has a population of over 30 million, spanning a variety of ethnic, linguistic and religious groups. The median age is around 20.67 years, and about 60% of the population is between 15 to 64 years of age, according to current population estimates.
Why Invest in Ghanaian Agribusiness?
“Despite lower oil prices, all of the important economic organisations such as IMF and World Bank maintain a bright outlook for Africa and Ghana.”
The critical fundamentals in Ghana that remain strong and keep its development from derailing include –
Availability of Resources:
- Abundant agricultural land and water
- Large labour force
- Funding available for developing the country
Economics of Resources:
- Superior climate for multiple crops per year
- Property costs are relatively low
- Proximity to local and world markets
Demand for Sustainable Food:
- Ghana’s population to double by 2050
- Ghana imports a significant amount of food
- Food demands outpacing population growth
- Local and worldwide growing demand of food
Government Stability and Support:
- One of the fastest growing economies in Africa
- Ghana’s currency closely tied to US dollar
- Free elections for over two decades
- Ten-year tax holiday for Free Zones Enterprise
- Development
- Government and Chieftain support
Read the full insight here
Author
Ghana has it all when you consider the resources needed for agriculture and the economics of production. It is also hard to ignore government incentives for large-scale agribusiness and a readily available growing domestic market to sell finished products. This leaves Ghana well placed not just to be self-sufficient in food, but also contribute to the regions and continent’s food supply.
Ghana Overview
Ghana, formerly the Gold Coast, is located in the sub-region of West Africa of the African continent. It has a population of over 30 million, spanning a variety of ethnic, linguistic and religious groups. The median age is around 20.67 years, and about 60% of the population is between 15 to 64 years of age, according to current population estimates.
Why Invest in Ghanaian Agribusiness?
“Despite lower oil prices, all of the important economic organisations such as IMF and World Bank maintain a bright outlook for Africa and Ghana.”
The critical fundamentals in Ghana that remain strong and keep its development from derailing include –
Availability of Resources:
- Abundant agricultural land and water
- Large labour force
- Funding available for developing the country
Economics of Resources:
- Superior climate for multiple crops per year
- Property costs are relatively low
- Proximity to local and world markets
Demand for Sustainable Food:
- Ghana’s population to double by 2050
- Ghana imports a significant amount of food
- Food demands outpacing population growth
- Local and worldwide growing demand of food
Government Stability and Support:
- One of the fastest growing economies in Africa
- Ghana’s currency closely tied to US dollar
- Free elections for over two decades
- Ten-year tax holiday for Free Zones Enterprise
- Development
- Government and Chieftain support
Read the full insight here
Author
Stephen Awuah's featured publications
Agribusiness
Coronavirus update: national and regional action needed in Ghana and West Africa
West African nations like Ghana can combat the worst effects of the coronavirus on food supplies if they act on storage and finance.
Food safety & security
Ghana during COVID-19 – Facing up to food supply chain problems
Food supply chain problems associated with the COVID-19 pandemic threaten to disrupt Ghana’s agribusiness progress
Government & multilaterals
Food technology for food security in Africa
Food and agricultural technology has an important role to play in increasing production to match the demand for food from a growing population in Africa.
Agribusiness
Farrelly & Michell’s Stephen Awuah on the prospects for food & agribusiness in Africa
Farrelly & Mitchell Africa's Stephen Awuah speaks about the company’s consultancy work in west and sub-Saharan Africa.
Sustainability & ESG
The importance of building sustainability & ESG into your food or agribusiness
Our food sustainability consultants are present in Africa, Europe, and the Middle East part of our extended team of 300 experts worldwide.
Food safety & security
Ghana can help feed Africa
Progressive Ghana's agriculture resources makes it highly sought after in terms of sector investment and it is leading by example in Africa.
Food safety & security
Growing demand for mankind’s most important source of calories
The rice market is significant as it is the world’s most important staple food, grown in over 100 countries and consumed by half the world’s population daily.
Food safety & security
How Africa can feed the world: food security and sustainable agriculture
Africa is on the path to self-sufficiency. The road ahead is uncertain, and food security issues need to be addressed. Read our in-depth report.
Food & beverage
East African food safety and security threatened by plague of locusts
Food safety and overall food security in East Africa is under threat. Conditions, accelerated by climate change has led to locusts.
Agribusiness
Coronavirus update: national and regional action needed in Ghana and West Africa
West African nations like Ghana can combat the worst effects of the coronavirus on food supplies if they act on storage and finance.
Food safety & security
Ghana during COVID-19 – Facing up to food supply chain problems
Food supply chain problems associated with the COVID-19 pandemic threaten to disrupt Ghana’s agribusiness progress
Government & multilaterals
Food technology for food security in Africa
Food and agricultural technology has an important role to play in increasing production to match the demand for food from a growing population in Africa.
Agribusiness
Farrelly & Michell’s Stephen Awuah on the prospects for food & agribusiness in Africa
Farrelly & Mitchell Africa's Stephen Awuah speaks about the company’s consultancy work in west and sub-Saharan Africa.
Sustainability & ESG
The importance of building sustainability & ESG into your food or agribusiness
Our food sustainability consultants are present in Africa, Europe, and the Middle East part of our extended team of 300 experts worldwide.
Food safety & security
Ghana can help feed Africa
Progressive Ghana's agriculture resources makes it highly sought after in terms of sector investment and it is leading by example in Africa.
Food safety & security
Growing demand for mankind’s most important source of calories
The rice market is significant as it is the world’s most important staple food, grown in over 100 countries and consumed by half the world’s population daily.
Food safety & security
How Africa can feed the world: food security and sustainable agriculture
Africa is on the path to self-sufficiency. The road ahead is uncertain, and food security issues need to be addressed. Read our in-depth report.
Food & beverage
East African food safety and security threatened by plague of locusts
Food safety and overall food security in East Africa is under threat. Conditions, accelerated by climate change has led to locusts.
Agribusiness
Coronavirus update: national and regional action needed in Ghana and West Africa
West African nations like Ghana can combat the worst effects of the coronavirus on food supplies if they act on storage and finance.
Food safety & security
Ghana during COVID-19 – Facing up to food supply chain problems
Food supply chain problems associated with the COVID-19 pandemic threaten to disrupt Ghana’s agribusiness progress
Government & multilaterals
Food technology for food security in Africa
Food and agricultural technology has an important role to play in increasing production to match the demand for food from a growing population in Africa.