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
Food safety & security
How Africa can feed the world: food security and sustainable agriculture
Food safety & security