With a significant number of the population’s livelihood hinged on Agriculture, the
sector is arguably one of Ghana’s predominant preserve for wealth creation comprising of crop and livestock farming, fishing and forestry. As at 2019, data from the World Bank put the value of Ghana’s Agriculture sector at US$11.5 billion contributing 17.5 percent of the nation’s GDP in the same year.
Factors such as a vast arable land, suitable climatic conditions and abundant water
resources make Ghana ideal for commercial farming of all kinds of crops ranging from grains, to vegetables and tropical fruits.
Despite the sector’s contribution to GDP having halved over the years due to growth in other
sectors such as services and industry, major inroads have been made with recent government initiatives such as the flagship planting for food and jobs program which has seen Ghana revert to being a net exporter of food to neighboring countries.
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Agriculture of Ghana
Cocoa continues to be the major green gold of the land drawing in billions in terms of revenue
and poised to draw in more profits following a recent agreement between Ghana and Cote d’Ivoire to establish a new floor price per tonnage of cocoa. Other non-traditional tree crops such as Cashew and Shea nut also generate millions in revenue. According to the Ghana Export Promotion Authority (GEPA), the two crops generated revenues of US$378million and US$90 million respectively in 2018.
In 2020-2021 investors can expect a rebound of the agriculture sector with a projected 6.9 percent growth by the finance ministry. The growth is to be buoyed by deliberate government initiative and incentives in the various facets of the Agriculture value chain. The initiatives include programs such as the planting-for-food-and-jobs, agriculture mechanization, green house projects, zero percent tax on importation of agricultural inputs and government interest in food processing.
In 2020-2021 investors can expect a rebound of the agriculture sector with a projected 6.9 percent growth by the finance ministry. The growth is to be buoyed by deliberate government initiative and incentives in the various facets of the Agriculture value chain. The initiatives include programs such as the planting-for-food-and-jobs, agriculture mechanization, green house projects, zero percent tax on importation of agricultural inputs and government interest in food processing.
Ministry of Food
& Agriculture
The Ministry of Food and Agriculture (MOFA) is the lead agency and focal point of the Government of Ghana, responsible for developing and executing policies and strategies for the agriculture sector within the context of a coordinated national socio-economic growth and development agenda.
Ghana Agriculture &
Agro Processing Awards
The Ghana Agriculture and Agro Processing Awards brings together players of the agriculture and agro processing industry. This awards recognize achievements of individuals and companies that play a significant role in the development of the agriculture sector while recognizing the key functions within the industry that promote standards, excellent, innovation in the agribusiness and stewardship.
