video

Report

Deep dive into Ghana’s food & agribusiness country profile

Ghana’s Economy

Ghana’s economy is abundant in natural resources. It is primarily market-based, with very few policy barriers to trade compared to other countries in Sub-Saharan Africa. Ghana’s agribusiness sector accounts for a small proportion of GDP (around 19%), but it employs more than a third of the workforce of the country (33.5%) and is dominated by smallholder farmers.

Despite the blossoming economy, Ghana’s GDP per capita is still below many emerging and developing economies such as Brazil, Indonesia, and South Africa.

The unemployment rate is above average compared to other countries in Sub-Saharan Africa. The key economic concern facing Ghana’s government is the gross external debts.

Agriculture in Ghana

Ghana’s agribusiness and food sector are one of the most important sectors of the economy, employing more than half of the population on a direct or indirect basis, and accounting for almost half of GDP and export earnings. According to the Ghana Statistical Service, agriculture grew 5.5% in 2018, outpacing general non-oil GDP growth for the same year.

The domestic agricultural sector is mostly subsistence-based, composed of 74% crop production, 18% livestock, fishery and poultry, and 8% forestry. Smallholder farmers dominate Ghana’s agribusiness landscape; approximately 90% of smallholder farmers in Ghana cultivate less than 1-hectare of land.

There are some large farms and plantations in the country, chiefly for rubber, oil palm and coconut and to a lesser extent for rice, maize and pineapples. Most food crops cultivated are intercropped, and large-scale or commercial farms in the country are a monoculture.

In this report

We outline the challenges and opportunities for Ghana’s agribusiness sector in detail.

  • From climate to economy
  • Import and export statistics
  • Government support,
  • Market conditions

Download the full report today.

Download Full Report

Author

Stephen Awuah

Regional Director (SSA)

Stephen is a Regional Director (SSA) with Farrelly & Mitchell and leads the firm’s Ghana (SS Africa) office, located in Accra.

Deep dive into Ghana’s food & agribusiness country profile

Download Report

Deep dive into Ghana’s food & agribusiness country profile

Download

Ghana’s Economy

Ghana’s economy is abundant in natural resources. It is primarily market-based, with very few policy barriers to trade compared to other countries in Sub-Saharan Africa. Ghana’s agribusiness sector accounts for a small proportion of GDP (around 19%), but it employs more than a third of the workforce of the country (33.5%) and is dominated by smallholder farmers.

Despite the blossoming economy, Ghana’s GDP per capita is still below many emerging and developing economies such as Brazil, Indonesia, and South Africa.

The unemployment rate is above average compared to other countries in Sub-Saharan Africa. The key economic concern facing Ghana’s government is the gross external debts.

Agriculture in Ghana

Ghana’s agribusiness and food sector are one of the most important sectors of the economy, employing more than half of the population on a direct or indirect basis, and accounting for almost half of GDP and export earnings. According to the Ghana Statistical Service, agriculture grew 5.5% in 2018, outpacing general non-oil GDP growth for the same year.

The domestic agricultural sector is mostly subsistence-based, composed of 74% crop production, 18% livestock, fishery and poultry, and 8% forestry. Smallholder farmers dominate Ghana’s agribusiness landscape; approximately 90% of smallholder farmers in Ghana cultivate less than 1-hectare of land.

There are some large farms and plantations in the country, chiefly for rubber, oil palm and coconut and to a lesser extent for rice, maize and pineapples. Most food crops cultivated are intercropped, and large-scale or commercial farms in the country are a monoculture.

In this report

We outline the challenges and opportunities for Ghana’s agribusiness sector in detail.

  • From climate to economy
  • Import and export statistics
  • Government support,
  • Market conditions

Download the full report today.

Download Full Report

Author

Stephen Awuah

Regional Director (SSA)

Stephen is a Regional Director (SSA) with Farrelly & Mitchell and leads the firm’s Ghana (SS Africa) office, located in Accra.

Stephen Awuah's featured publications

See all posts

See all posts

Empowering global food and agribusinesses to make the right decisions.

Contact us