Agriculture in Ghana Market Size

Ghana Agriculture Market Analysis

The Agriculture in Ghana Market size is estimated at USD 3.40 billion in 2024, and is expected to reach USD 3.87 billion by 2029, growing at a CAGR of 2.65% during the forecast period (2024-2029).

• Ghana has one of the fastest-growing global economies. Agriculture is critical to Ghana's foreign exchange revenues and general economic prosperity. Ghana is gradually moving toward self-sufficiency by increasing agricultural productivity and profitability, increasing access to finance, promoting resilience, optimizing economic inclusion, improving nutrition, and advancing country leadership through evidence-based interventions such as targeting food security interventions in districts in northern Ghana with the lowest poverty and nutrition statistics, promoting the production of diverse, nutrient-dense foods, and advancing country leadership. Agriculture is also collaborating with commercial enterprises, particularly those in the agricultural industry, to develop their operations and enhance their services to meet national and global standards.
• Since agriculture is one of the important contributors to the country's export earnings and a major source of income for a majority of the population in the country, rice is one of the major food staples. However, due to the increased domestic consumption, which is exceeding the domestic production, Ghana imports 66% of the rice consumed. Ghana's government is implementing an import substitution strategy for rice and chicken meat. It has already implemented two significant programs to pay subsidies to farmers producing rice, corn, sorghum, soybeans, and broilers. Other major cash crops of the country include cocoa, oil, pineapple, tomatoes, and fresh vegetables.
• The favorable policies and extended support from the agencies are increasing the development of agriculture. For instance, in 2021, USAID Ghana helped over 63,000 farmers, half of whom are women in northern Ghana, to access agricultural inputs and finance. The same year, it organized 3,000 women to save USD 250,000 through village savings and loan associations. Industrialization and productivity improvement programs are expected to increase the agriculture sector's output, create jobs, and encourage greater participation by the private sector.